Do not worry about having no friends on the road ahead; on the investment path, there are like-minded individuals. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the articles and videos from the King. Every day, I bring you different news from the crypto world and precise market analysis. At 2 AM, the Federal Reserve's interest rate cut has been implemented! A 25 basis point cut was clearly anticipated. The key point is not whether to cut, but where the money will flow after the cut—this is crucial for whether we can benefit!
Click the link to watch the video: https://www.bilibili.com/video/BV1q6ySB5E4H/
Traditional finance has been locked for a year due to high interest rates. Once the interest rate spread loosens, liquidity is the first to move. Liquidity recognizes "high volatility and high yield elasticity." Recently, gold has been pressed down, and safe-haven assets are loosening; after last month's rate cut, Bitcoin surged directly, indicating that funds are set to flow into the crypto market!
In the last two months of this year, there is a probability of Bitcoin reaching 120K, but if it can't break through, don't expect any miraculous news in November and December. Don't fantasize about continuous rate cuts or expanding the balance sheet. Even the insiders can't control themselves, which won't affect the Federal Reserve. Let's take it step by step and not overthink a prosperous era.
Looking at the market: Bitcoin has adjusted for more than two months from the high of 124.4K on August 14. Essentially, this is a correction of the main upward wave at 74.5K. The rebound pattern starting from 103.5K is incomplete and still in an adjustment phase. A rebound does not equal a reversal—this must be firmly understood! Yesterday's decline was not due to any significant negative news; it was just a natural pullback after excessive speculation.
116K is not a strong resistance; it feels more like an emotional threshold. The real pressure is at 120K, which is key for the main players' stance. Last night, the 12-hour line touched the upper Bollinger Band at 115.8K and then dropped. The daily Bollinger upper band is around 116.2K, which is a short-seller ambush zone; every time it tries to surge, it gets pulled back down. After the rate cut tonight, there will be significant volatility, and both bulls and bears have opportunities, but it must be steady—don't get caught in a reversal.
On the emotional front: This rebound relies on Asian funds, while US capital is still at a low level. Asian funds tend to be short-term, with a habit of chasing highs and selling lows; however, US capital is waiting to fill in at low levels. Once sentiment rebounds, this is the activation zone, not the peak.
Ethereum is performing cleaner than Bitcoin: 3710 is currently the low point, with major resistance at 4450. The key to watch today is whether it can stabilize at 3917—deeper breaks after the rate cut will lead to sharper rebounds.
Key levels to remember:
Resistance: Second resistance at 115500, first resistance at 113800
Support: First support at 111600, second support at 110200
After Bitcoin surged to 116K yesterday, profit-taking broke the short-term upward trend line, disrupting the bullish rhythm, and short-term sentiment has turned bearish. The 200MA is acting as a ceiling, and the CME gap at 111.6K~112.5K is key support; if it can't hold, don't talk about a rebound.
To regain the bullish rhythm, it must at least stabilize above 115500. 113800 is the confirmation point for a rebound, and 111600 is the area of concentrated positions + gap bottom, which is of utmost importance. If 110200 breaks again, just wait for a drop; rebounds can only be played short-term, with a long-term bearish bias.
On the resistance side: 113800 overlapping with the 200MA is strong resistance, and 115500 is the trend's life-and-death line; on the support side: if 111600 holds, we can look for a technical rebound, and if 110200 holds, we can short-term bottom-fish; if it breaks, it's a warning for new lows—don't catch falling knives!
10.29 Swing Strategy:
Long: Not recommended for now; the bullish rhythm is disrupted, so don't rush blindly.
Short: Enter the 113800-114000 range, add positions at 114800, target 111600-110200, and remember to set stop-losses.
To be honest: Learning requires long-term attention to the blogger; don't believe in "showing orders to catch tops and bottoms" after the fact. What is truly reliable is trading logic that is consistent and withstands scrutiny—not jumping on the bandwagon only when the market moves. Don't be fooled by exaggerated data or out-of-context screenshots; only by deeply analyzing the logic can you discern who is a thinker and who is a dreamer.
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