In a person's life, there are many people who pass by, but true confidants are few. In investing, there are countless people who bring you into the industry, but how many can lead you out of pitfalls? Friends, stop paying tuition to the market; here is years of hard-earned experience. Stop squandering money in the market; here are the strategies you have always dreamed of.

First, let's review the market and operations. Yesterday afternoon, after the market initially dipped, we provided an interpretation of the market. During the day, the market dipped but did not break below 103,000. Our thought process was to wait for a rebound and then look for another drop after the Federal Reserve's interest rate decision was announced. A key point mentioned yesterday was the issue of market washing, as the market had already begun a round of correction before the interest rate cut was announced, which is a clear sign of market washing. Then, after the announcement of a 25 basis point rate cut and Powell's statement indicating a slowdown in rate cut expectations starting next year, along with his clear indication that the Federal Reserve does not favor Bitcoin and does not wish to hold it as a strategic reserve, this led to further market washing. It is well known that a 25 basis point rate cut was a certainty, and when the good news was fully priced in, accompanied by some negative news expectations, the market began to decline.

In terms of specific operations, before the interest rate decision yesterday, the highest rebound was around 105,300. We actually started looking for a correction around 105,000, but Ethereum's highest rebound was only slightly above 3,900, so we did not open a short position on Ethereum. As of now, we are holding a profitable short position.

From a technical cycle perspective for Bitcoin, on the daily chart, there is a secondary top divergence leading to an adjustment. The K-line has retraced to the MA30 moving average, just touching the trend line. The MA30 has been tested multiple times without breaking. It has been emphasized before that during a bull market cycle, short-term corrections in the MA20-30 moving average area are quite normal. Looking back, the MA30 line has formed support several times, which means that after today's correction, a short-term rebound has occurred, and the market is currently above 101,000. In terms of the correction ratio, based on Bitcoin's current price base, a 10,000 point correction is actually not much; from the high point, it is a 10% drop. Therefore, the overall trend is still fine, and there is no need to panic. A drop does not mean the bull is gone, and a rise does not mean the bull has returned.

Now looking at the short term, the daily performance indicates that we are starting an adjustment cycle. The four-hour level is also not very friendly, with a volume increase in the decline causing the trend to dip. In the short term, there is some support around 98,000. As mentioned earlier, this cannot be considered the low point of this round of adjustment. My personal prediction is that there will be further downward movement to confirm the low point, which will also repair the top divergence on the daily level. After the volume increase on the four-hour chart, it is currently necessary to confirm the support below multiple times. Technical indicators across various cycles show that the market is currently in a relatively weak state, with increasing pressure from the selling side. The MACD indicator's DIF line and DEA line have formed a death cross at a high level, and the green bars are gradually increasing, which is a signal of the market turning from strong to weak, indicating that bearish forces are gradually strengthening.

In terms of operations, there has already been some short-term rebound. If you do not have a short position at the current location, you can wait for the rebound resistance level to set up. Around 102,500 can be considered the first entry point for short positions, allowing for a short-term trend layout.

Ethereum is following Bitcoin's adjustment. If Bitcoin remains in a consolidation phase, we can still look forward to Ethereum's independent market. Currently, we are still primarily focusing on short operations, with reference to setting up short positions above 3,700.

As for altcoins, there is not much to analyze. The key is how to choose strong coins to buy during a downturn. It has been mentioned before to manage your position well and follow the trend!

【The above analysis and strategies are for reference only. Please bear the risk yourself. The article is subject to review and publication, and market changes in real-time may lead to information lag. Specific operations should be based on real-time strategies.】

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