Daily Report on September 19th: BTC: 50 basis point rate cut triggers a trend change?

CN
Newbee
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3 months ago

The Federal Reserve announced a 50 basis point rate cut in the early morning, bringing about intense bull-bear speculation. Although the current daily chart is almost unchanged from yesterday's closing price, it has shown significant volatility, indicating strong market divergence between bulls and bears. I am more inclined towards a bullish trend in the future, but I believe there will be another wave of decline in the first half of October, followed by a bullish market in the second half of the month. Prepare your chips and continue to wait.

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In the medium term, as we expected yesterday, the price fell after encountering key resistance and has now effectively broken through the resistance level after being stimulated by the news. However, there have been no structural features in the market, so it is more prudent to continue to observe.

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Short-term volatility and frequent sharp fluctuations have been observed, but overall, the probability of continued intraday upward movement is high. However, it is temporarily not suitable for trading, and we await intraday trading opportunities in the market.

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Strategy: Long at low points, short at high points

Tactics: Short at 64500, cover at 65000, stop loss at 65500, initial target is 61500, subject to change at any time

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