Cryptocurrency News
September 19th Hot Topics:
1. A whale who participated in the Ethereum ICO has deposited 4000 ETH into Kraken.
2. Federal Reserve Chairman Powell: The Federal Reserve will speed up, slow down, or pause interest rate cuts as needed.
3. The three major U.S. stock indexes and spot gold have completely retraced their gains after the interest rate decision was announced.
4. The SEC's cryptocurrency records were condemned by former commissioners and Republican lawmakers at a hearing.
5. BitGo has launched the USDS stablecoin, competing with Coinbase and Tether.
Trading Insights
After the FOMC meeting, the Federal Reserve announced that the target range for the federal funds rate was reduced from 5.25%-5.50% to 4.75%-5.0%, a 50 basis point cut. This is the first rate cut since the Federal Reserve began this round of tightening in March 2022. The Federal Reserve raised interest rates 11 times in just over a year from March 2022 to July last year, totaling 525 basis points. Since July last year, the Federal Reserve has kept rates unchanged at a high level for eight consecutive meetings. The Federal Reserve has initiated an easing cycle, cutting rates for the first time in four years, and what excites the market even more is that the Fed made an unusually large rate cut right from the start. The market's short-term reaction was intense. U.S. stocks surged in the short term. The yield on the 10-year U.S. Treasury bond plunged from above 3.69% to below 3.64% intraday, turning overall lower.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Da Bai Community this week. Congratulations to the friends who followed. If your trading is not going well, you can give it a try.
Real data, each signal has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
Bitcoin gave a short entry near 62430 yesterday, and has now reached the profit target near 61700, with a maximum price difference of about $700. The daily chart rebounded from around 59200 to near 61800, closing near 61750. The resistance is near the MA120. Short entries can be made near the rebound, and support is near the MA90. Long entries can be made near the pullback. The MACD is bullish. The four-hour support is near the MA360, and long entries can be made near the pullback. The MACD is bullish. Short entries can be made near 61370-60670, with a rebound target near 62000. Short entries can be made near 62430-62900 on the rebound, with a target near 61700.
ETH
Analysis
Ethereum rebounded from around 2275 to near 2375 on the daily chart yesterday. The resistance is near the MA30. A breakthrough could lead to around 2500, and short entries can be made near the rebound. Support is near the MA7, and long entries can be made near the pullback. The MACD is bullish. The four-hour resistance is near the MA200, and short entries can be made near the rebound. Support is near the MA120, and the MACD is bullish with a golden cross. Short entries can be made near 2490, with a target near 2472-2455 in the short term. Medium-term short entries can be made near 2575, with a target near 2500.
Disclaimer: The above content is for personal reference only and does not constitute specific trading advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to ask for advice.
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