Analyst Chen Shu: 9.18 Federal Reserve Interest Rate Decision - First Up, Then Down
Market Analysis: Bitcoin is currently fluctuating above the MA60-day moving average, specifically above 11.5. The short-term support to watch is this line of support. The evening's interest rate decision is expected to rise first and then fall. As for how high it can rise, it is difficult to predict. The strategy from the afternoon article remains applicable and flexible. For Ethereum, pay attention to the MA30-day moving average support at the 4450 line.
Trading Strategy (Published at: 01:00):
BTC: Short at 120,000, add to short on a rebound at 122,000, target 120,000/115,000; look for a 2-3000 point rebound at the lower levels of 114,000/115,000.
ETH: Short at 4700, add to short on a pullback at 4850, target 4500/4400; look for a 1-200 point rebound at the lower levels of 4350/4200.
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