Trust is the bridge of communication. Choosing us means trusting our judgment; after all, we rarely make mistakes, right? In this market, strength speaks for itself. Trophies will never fall into the hands of the audience. Once you have a judgment, you must act and execute decisively; otherwise, what's the point of having a strategy?

Let's briefly review the market and operations. There wasn't much to say about yesterday's daytime trading; it was basically a high-level consolidation. Later in the evening, the market surged again, refreshing the high point above 108,000, and then began to pull back. Since early morning until now, it is still in a correction phase, with the low touching around 103,500. Regarding yesterday's operations, unfortunately, we hit a stop loss due to breaking through the previous high during the surge. We had been emphasizing the correction issue yesterday, and looking back now, it indeed played out. However, because we were at a high level, we didn't grasp the point for watching the correction well, which ultimately led to a stop loss exit, which is a bit regrettable. However, Ethereum was relatively weaker yesterday, starting a correction around 4,030, and short positions in Ethereum could still yield profits.

The market is currently experiencing a certain correction. Additionally, at 3 AM on Thursday, the Federal Reserve will announce its interest rate decision, and a 25 basis point rate cut is already very confirmed. For the financial market, a rate cut is beneficial for gold and silver, and it is also favorable for the crypto market. At this time, Bitcoin is starting to correct, indicating a strong possibility of a washout. It is important to note that when the market's favorable conditions are exhausted, it will subsequently affect the market.

Yesterday

I emphasized the need for a correction on the four-hour level. Today, the market has already undergone a correction. Currently, from a technical indicator perspective, there is indeed some recovery. However, the current four-hour cycle is still in a correction phase, with continuous bearish K-lines causing the market to once again test the MA30 moving average near 103,500, which is also the previous support level. From the current perspective, there is no significant sign of a bottoming out, with support on the four-hour level at 101,500-102,000. According to the recent market trend, when the market finds support and starts to consolidate after a correction, it is highly likely that the market will re-emerge around the time of the interest rate decision announcement. Given the current washout situation, it may be even higher. Personally, I tend to think that after a rebound, there will be another correction for a washout.

In terms of operations, since there is currently no sign of a bottoming out, it is not easy to confirm the points for entering long positions. One can start with a light position near 102,500 to enter long, and if a rebound occurs, then consider participating in short positions around 105,500. Due to the impact of news announcements, specific operations should still be based on real-time market changes.

Ethereum is relatively weak, with support around 3,700 where one can wait for a rebound. If a rebound occurs, consider participating in the 3,920-3,950 area.

Currently, altcoins are affected by the market due to the siphoning effect, with Bitcoin continuously reaching new highs. Some high-valued projects are also experiencing new siphoning, resulting in a very low beneficial effect for altcoins. The market consensus is not strong enough, so patience is still required.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market changes are real-time. The information may be delayed, and strategies may not be timely. Specific operations should be based on real-time strategies.】

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