Master's Discussion on Hot Topics:

Today, the Master wrote an essay and made a bold prediction that in the coming year, Bitcoin and the Federal Reserve's interest rate cuts may resonate in sync.

The specific manifestations are: 1. The Federal Reserve will continue to cut interest rates until pausing around mid-next year or the third quarter. 2. Bitcoin may break its previous high in October or November, initiating a major upward trend, reaching a peak in this cycle by the third quarter of next year.

First, let's look at the Federal Reserve's interest rate cut rhythm. Currently, Federal Reserve members have clearly stated that the current interest rate level is far above the neutral rate, so they will gradually cut rates in small steps without disturbing the market.

They will stop to observe economic data as they approach what they consider the neutral rate level. Based on the current pace, this is likely to happen sometime around mid-next year or the third quarter, at least the market will have expectations of a pause in rate cuts by that time.

Now, regarding Bitcoin, we must mention its magical four-year cycle. According to this cyclical theory, the peak of Bitcoin's current cycle is also expected to occur in the second half of next year.

Therefore, combining the above, it is very likely that Bitcoin will resonate in sync with the Federal Reserve's interest rate cuts. Perhaps this time next year will be the peak of this Bitcoin cycle, and we look forward to the upcoming performance. This is a record made by the Master in an essay. We will review this article a year later to help improve ourselves!

Master's Trend Analysis:

Yesterday, Bitcoin attempted a trend reversal but encountered resistance at a high point after breaking the trend, resulting in a large bearish candlestick.

Additionally, after reaching 66K, profit-taking sell orders in the adjustment range led to the current large bearish candlestick.

Whenever a large bearish candlestick forms, it indicates significant selling pressure, so a rebound requires stronger buying support; thus, it may take some time before the next rise.

Currently, the probability of a decline after a technical rebound is high. If the candlestick does not form a lower shadow, a continuous downward trend may occur.

Resistance Levels Reference:

First Resistance Level: 65200

Second Resistance Level: 65800

During a technical rebound, it may temporarily rise to the first resistance level. However, if there is no trading volume before reaching the first resistance level, it may undergo further adjustments in the 64.8~64.9K range.

Currently, the psychological support line at 65K has been breached, so the Master has changed 65K to a strong resistance level to respond.

Support Levels Reference:

First Support Level: 64350

Second Support Level: 63700

The current important short-term support level is near the previous high support, which is around 64.3K, so a technical rebound can also be anticipated. If 64K is set as a support level, it will be a relatively ideal risk-reward ratio range.

If the price falls below 64.3K and the 60-day moving average, it may drop to the 63K range. It is recommended to set support lines in phases and gradually execute trades.

Today's Trading Suggestions:

In today's trading, due to the formation of a large bearish candlestick, caution is needed for further declines, while also attempting to seize technical rebounds.

We look forward to the large bearish candlestick forming a lower shadow, and the psychological support line can be set at 64K. If a suitable entry point with a good risk-reward ratio is identified, consider going long.

9.30 Master's Short-term Pending Orders:

Long Entry Reference: Buy in batches in the 63700-64200 range, with a stop loss of 500 points, target 65200-65800

Short Entry Reference: Sell in batches in the 65200-65700 range, with a stop loss of 500 points, target 64350-63700

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). For more real-time investment strategies, liquidation, spot contract trading techniques, operational skills, and knowledge about candlesticks, you can add Master Chen for learning and communication, hoping to help you find what you want in the crypto space. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% following the trend; daily updates of macro analysis articles, mainstream and altcoin technical indicator analysis, and spot medium to long-term price prediction videos.

Warm reminder: This article is only written by Master Chen on the official account (as shown above), and any other advertisements at the end of the article and in the comments are unrelated to the author!! Please be cautious in distinguishing between true and false, thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。