Market Review

Ignoring minor illnesses can lead to major diseases. I took more than ten days off recently due to physical discomfort, during which time updates were suspended. However, our previous arrangements were executed as scheduled before the hiatus. We made a perfect judgment on the bottom of Bitcoin. During this period, Bitcoin completed two rounds of bottom exploration. After reaching 40230, it rebounded, and after reaching 40550, it rebounded again. Both rebounds provided us with no less than three thousand points of space, which can be considered a bit of comfort during the market's recovery period.

Trading Suggestions

We have to review the series of "dovish" remarks about the FOMC recently, especially the monetary policy press conference held by Powell on the 14th of this month, where he explicitly stated that inflation has eased, and the unemployment rate has not significantly increased. This undoubtedly affirms the achievements of the more than a year-long anti-inflation war, indicating that the policy tightening is nearing its end. As for next year's expected rate cuts, whether it will be two or four times, and whether it will be 100 basis points or 200 basis points, we don't need to delve too deeply into it. We just need to know that the tightening cycle may be ending, and the economy will experience a recovery.

Looking at the market, from the recent trend of the past ten days, it can be seen that Bitcoin has successfully gained support around the 40000 mark. Two rounds of probing have completed the daily level of bottom correction, and technical indicators have returned to low levels. The coin price has returned to high levels, and it is expected to launch another round of attacks on the previous high. However, there may be a short-term pullback in the small-level range. We should focus on this pullback and consider going long at the next moving average support level in the future market.

Trading Suggestions

Place short positions around 43800-44200 for Bitcoin, with a target of 43200-42800;

Place short positions around 2240-2265 for Ethereum, with a target of 2180-2160.

For more strategic guidance, follow Yunshe's Weibo, a financial analyst with 500,000 followers: Blockchain Yunshe

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