The probability of a Fed rate cut has reached over 90%.
Yesterday, I used the one-minute long/short dividing line to make several ultra-short trades, with the highest profit close to 200%. Last night, the short positions on Bitcoin and Ethereum both reached 200% profit.
Recently, Ethereum has been performing much stronger than Bitcoin, possibly due to the upgrade.
The resistance at the Bitcoin 94,000 trend line may gradually be broken during consolidation, but before breaking through the 94,000 resistance, there is still a possibility of a double bottom. Pay attention to the 90,000 support level—it must not be broken.
If Ethereum continues to consolidate and move upward, forming an ABC upward structure, then Bitcoin should see another wave of gains as well.
Also, be cautious about rate hikes from Japan. Several major drops have been more or less related to Japanese rate hikes.
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The probability of a Fed rate cut has reached over 90%.
Yesterday, I used the one-minute long/short dividing line to make several ultra-short trades, with the highest profit close to 200%. Last night, the short positions on Bitcoin and Ethereum both reached 200% profit.
Recently, Ethereum has been performing much stronger than Bitcoin, possibly due to the upgrade.
The resistance at the Bitcoin 94,000 trend line may gradually be broken during consolidation, but before breaking through the 94,000 resistance, there is still a possibility of a double bottom. Pay attention to the 90,000 support level—it must not be broken.
If Ethereum continues to consolidate and move upward, forming an ABC upward structure, then Bitcoin should see another wave of gains as well.
Also, be cautious about rate hikes from Japan. Several major drops have been more or less related to Japanese rate hikes.