Zhou Yanling: Is the Fed expected to cut interest rates by 50 basis points on September 18th? Future trend predictions and trading strategies for Bitcoin and Ethereum

Now everyone is focusing on the issue of the Fed's interest rates. Before the shoe drops, the market views are mixed, and the dollar is in a weak and downward trend as a result. The Fed's upcoming interest rate decision, the performance of US economic data, and the evolution of global geopolitical situations will all be key factors determining the future price trends of Bitcoin for a period of time. In terms of news, the current market environment is still relatively favorable for the cryptocurrency market, especially with the heating up of the expectation of a Fed rate cut and the actions of global central banks, which still provide a good foundation for short-term price increases amid fluctuations.

From a technical perspective, the recent trends have all started to gain momentum after the US market session and continued to rise, and they have all been the kind of direct straight-line increases. Last night's surge was another breakthrough because it broke through the 61,000 mark. In the short term, Bitcoin is currently facing resistance around 62,000 and is starting to adjust downward, with around 59,800 below becoming a key turning point for the recent long and short trends. Once it stabilizes and continues to rise, there is a high probability of continuing to refresh last night's high. The short-term moving averages are about to form a death cross. Once the death cross forms, Bitcoin still has room for adjustment to the downside. Currently, there is a high-level multiple top structure, and it is temporarily difficult to break through to the upside. Therefore, after this wave of pullback, it is advisable to continue to follow the trend and go long for a new round of breakthroughs.

September 18th Bitcoin trading strategy:

1. Long at 59,800-60,200, stop loss below 59,400, target 61,500-62,000, continue to look for resistance around 62,800
2. Short at 62,000-61,600, stop loss above 62,400, target 60,600-60,200

September 18th Ethereum trading strategy:

1. Long at 2,320-2,350, stop loss below 2,290, target 2,400-2,430-2,460, continue to look for resistance around 2,530
2. Short at 2,465-2,430, stop loss above 2,495, target 2,390-2,360

[The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and publication may have delayed strategies and lack timeliness. Specific operations should be based on Yanling's real-time strategies.]

This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract/spot operations. If you need to understand more real-time community guidance, consultation on getting out of trouble, or learn about trading skills, you can follow the teacher's WeChat public account: Zhou Yanling to find the teacher.

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