Zhou Yanling: News continues to drive the rise in coin prices on 9.25, short-term strategy is to continue to be bullish on the pullback

Fundamentally, the current bullish momentum of coin prices remains stable at a high level of volatility this week. The start of its interest rate reduction cycle and the bullish outlook for the interest rate reduction will continue to support the bullish trend of coin prices during this period. The dot plot shows that the Fed will cut interest rates by 50 basis points again this year and by 100 basis points next year, indicating that at least until mid-next year, coin prices will maintain a volatile upward trend. Although yesterday, Fed Governor Bowman stated that a cautious attitude will be taken towards further interest rate cuts and cannot rule out the possibility of stagnation in progress against inflation, showing some hawkishness, the impact of the hawkish remarks of the current Fed is minimal. His remarks are not those of Fed Chairman Powell, and cannot predict the outlook for the interest rate reduction cycle. In addition, at the beginning of this week, many Fed officials also expressed the view that more interest rate cuts may be needed in the coming year, supporting the view of continued interest rate cuts in the future. Therefore, overall, Yanling believes that interest rate cuts are certain, and it is currently a consensus that interest rates will be cut twice again this year at the lowest, and even if coin prices experience temporary pullbacks, they will still be opportunities for bullish re-entry in the future.

Technically, the Bitcoin daily MACD indicator continues to run with increasing volume after the golden cross, and the dynamic indicator STO is overbought, representing a bullish trend at the daily level. At the same time, the moving averages also show a bullish arrangement, indicating a bullish trend. According to the bullish arrangement of the moving averages, the vicinity of the MA5 is the long position entry point, and the MA10 is the defensive point of the bullish arrangement. It is possible to continue to be bullish until the price falls below the MA10. Currently, the 4-hour MACD is running with a second golden cross and increasing volume, and the dynamic indicator STO is overbought, also representing a bullish and high-level volatility at the 4-hour level. The current MACD on the hourly chart is a high-level golden cross with shrinking volume, and the dynamic indicator STO is also pointing upwards, indicating the possibility of a second high on the hourly chart. Taking all aspects into consideration, there is a chance for the intraday coin price to rise again. In the short term, pay attention to the support around 62300, as long as it holds steady, the bullish trend can continue in the future. The resistance above is around 66000 and 67000.

Bitcoin trading strategy on 9.25:

1. Long at 63700-64200, stop loss below 63200, target 65500-66000, continue to look for a breakthrough near 67000
2. Short at 66200-65700, stop loss above 67200, target 65000-64600

Ethereum trading strategy on 9.25:

1. Long at 2590-2630, stop loss below 2550, target 2700-2740, continue to look for a breakthrough near 2815
2. Short at 2805-2770, stop loss above 2835, target 2710-2680

[The above analysis and strategies are for reference only. Please bear the risks on your own. The publication of the article may have a lag in strategy and does not have timeliness. Please refer to Yanling's real-time strategy for specific operations.]

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 coin contract/spot operations. If you need to know more about real-time community guidance, consultation on getting out of a predicament, and learning chart reading skills, you can follow the author's WeChat account: Zhou Yanling to find the author.

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