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Disk analysis:
Ethereum: Breakthrough confirmation, callback is opportunity
The Ethereum weekly chart has clearly closed bullish and swallowed up the bullish candlestick, not only breaking through the key resistance level of 4180, but also breaking out of the weekly pregnancy line. The technical bullish trend is extremely clear. From the perspective of operational logic, 3700 is the current core support level. As long as this price level is not breached, any pullback is a high-quality "entry point", and it is advisable to firmly buy on dips. The short-term target is aimed at the range of 4500-4700, and the upward space has been opened.
Bitcoin: Breakthrough ready, keep a close eye on the key positions
The big pancake simultaneously closed bullish and swallowed the bullish candlestick, and the bullish momentum was also strong, but it has not yet broken through the key resistance level of 116500. Referring to historical trends, once the resistance level is effectively broken, a new round of bullish trend will be confirmed, and the upper target can be directly looked at at at the 120000 mark. The explosive power of the market is worth looking forward to.
Macro catalyst: early realization of favorable interest rate cuts
This Thursday's interest rate meeting is likely to result in a rate cut, and historical data shows that a rate cut will release market liquidity, with some funds often flowing into the cryptocurrency market, driving asset prices up. The strong performance of the current two mainstream currencies is showing signs of funds realizing the benefits of interest rate cuts in advance, adding another layer of support to the upward trend of the market.
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.