Preface: Investment involves risks, please proceed with caution.

Article review takes time, and there may be delays in publication. The article is for reference only, and your readership is welcome!

Time of writing: 15:18, September 18th, Beijing time

Market Information

1. BlackRock: The attractiveness of Bitcoin lies in its departure from traditional risk and return drivers;
2. JPMorgan strategist: The U.S. economy is strong, and the Federal Reserve does not need to cut interest rates;
3. JPMorgan CEO: JPMorgan may be one of the largest users of blockchain technology;
4. Many analysts on Wall Street expect the Federal Reserve to be cautious in its "first cut";
5. Institutions: The Federal Reserve may hope to avoid sending a wrong signal by making a substantial rate cut.

At 2 a.m. on the 19th, which is tonight, the Federal Reserve will announce its interest rate decision. This will be the first rate cut after the rate hike. As mentioned before, this rate cut is almost a certainty. Now it remains to be seen whether the cut will be 25 basis points or 50 basis points. Supporters on both sides in the market have their own arguments. We won't delve into this. At the upcoming Federal Reserve meeting, there is still uncertainty among investors about the extent of the rate cut. The market has already partially digested the expectation of a 50 basis point cut. Therefore, regardless of whether the Federal Reserve ultimately decides to cut by 25 basis points or 50 basis points, it may trigger a "shoe drop" market, leading to a large number of long positions being closed out, thereby dragging down prices.

Market Review

As mentioned before, there is still room for a rise in the price of Bitcoin, with the expected range being 60200-62300. Excluding the expectation of a rate cut last night, the highest point of the rise was at 60625, and the high point given last night was at 61320. The market did not break through the 62300 level. This rebound basically occurred right after reaching around 55500, which is in line with the expected trend. The highest point of the rise for Ethereum was at 2464. Ethereum's current trend is very weak, basically showing a small fluctuation. However, the entry position near 2310 that we provided earlier still offers a good profit margin up to 2464. Congratulations to friends who followed up with long positions for once again making a profit. After tonight's interest rate meeting, we will focus on whether the high point can break through and lead to a new trend.

Market Analysis

BTC:

Looking at the daily chart, aside from the impact of the rate cut, the current rebound of Bitcoin is still operating within the upper pressure range of 60200-62300. The data market in the evening should fluctuate, and in the short term, attention needs to be paid to the breakthrough of the upper level of 62300 and the breakthrough of the short-term high point of 65000. If Bitcoin cannot effectively stabilize above 62300 tonight, then it may start to retrace. The expectation of a rate cut has been largely digested, and the market may trigger a downward trend, with the expected retracement range being below 56200. Pay attention to controlling positions and risks in evening trading. I generally do not recommend trading in such data-impacted situations. You can pay attention to the breakthrough of 62300 and 65000 as mentioned above and make your own decisions on entry opportunities. For short-term trading, control risks and manage profits and losses on your own.

ETH:

Looking at the daily chart, due to the impact of some events in the Ethereum community, the trend of Ethereum has been relatively lackluster. The rise last night did not reach the vicinity of 2490, and the previous rise was the same. Currently, the pressure range for Ethereum is between 2560 and 2675. We will see if the data tonight can push Ethereum to break through the upper pressure and reach a short-term high point of 2820. If a rise is followed by a drop, the downward momentum may break through the 2111 level again to refresh the short-term low point. Pay attention to seizing entry opportunities. For short-term trading, control risks and manage profits and losses on your own.

In summary:

The expectation of a rate cut has been largely priced in. Be cautious of a retracement in the market tonight.

This article is time-sensitive. Pay attention to the risks. The above is only personal advice and is for reference only!

Follow the public account "加密老赵" to explore the market together.

![Coin War God: The Federal Reserve interest rate decision is imminent, and we need to be wary of the "shoe drop" - aicoinfigure 1](https://static.aicoinstorge.com/article/20240402/171206835476485.jpg "Coin War God: The Federal Reserve interest rate decision is imminent, and we need to be wary of the "shoe drop" - aicoinfigure 1")

Buddhist saying: "Impermanence" is the norm of life. Here, "impermanence" refers to uncertainty and unpredictability. Everything that causes us pain is due to an excessive pursuit of certainty, such as love, family, work, and friendship. Therefore, investment is based on the ability to defend and attack, using limited funds that can be borne to amplify infinitely, rather than always being on the defensive. In short, using a limited amount of money that does not affect the quality of life to do something that, once successful, can change fate or improve life, defense is only to prevent things from getting worse, while offense can make things better than they are now.

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