The Fed interest rate storm is coming tonight. 10.29 BTC.ETH. Perspective



The market bottoms out in despair, rises in hesitation, and peaks in madness. This phrase aptly describes the current volatile pattern of the cryptocurrency market.

Yesterday, near the current price of BTC 113700, long positions were looking towards 115500, which all reached their targets. In the evening, the US stock market opened with a strong surge, and the live broadcast looked at the resistance level of 116000, closing all positions. After a spike, there was a quick drop to around 1141, continuing to retrace and oscillate near 1155, which is still a key top-bottom reversal position from before. After the morning session opened in Asia, Bitcoin continued to drop to the 112 line. If the Fed leans towards a hawkish stance in the evening, the market may continue to decline. If interest rates rise by 25 basis points to 50 basis points, then the market may break previous highs again. Currently, there is a 98% probability of a 50 basis points rate cut.

BTC trading suggestion: Long at 111300-111700, with a stop loss of 900 points. Target 113800, aiming for a breakthrough to 114500-115300 (aggressive traders can buy at the current price).

ETH trading advice 3925-3942 buy, defend 50 points, target 4060 breakthrough look at 4110#今日你看涨还是看跌? #十月加密市场预测 #BTC #ETH
ETH-1,67%
BTC-1,05%
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