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In December, the Federal Reserve's decision was implemented, cutting interest rates by 25 basis points as scheduled and lowering the target range for the federal funds rate to 3.50% -3.75%.
More influential in the market is that Chairman Powell also announced the launch of an asset purchase plan to purchase $45 billion in short-term bonds per month. The essence of this measure is to restart quantitative easing and directly inject the foundation into the financial system
On Wednesday's live broadcast, the market trend of rising and falling was realized, and the good news of interest rate cuts came. Will there be a strong opportunity in the future?
After the interest rate cut, the large pie market surged and failed to form an effective breakthrough, still constrained by the daily 94500 strong pressure zone
Ethereum is very strong after upgrading, and after cutting interest rates, it directly surged into the resistance zone of $3450
Technical reference within the day:
Currently, it is still constrained by the 4-hour upper bound of the daily Bollinger Bands;
Daily domestic demand attention ➕ Yesterday's stabilizing level
90000 is the key technical support
If the price drops below this level due to a sudden correction
There is a chance to retrace the upward trend around 88000;
If we break through the morning high again
The short-term resistance above is located at
Near 9w45;
So, break through again and open for 4 hours
The pressure above is around 96200-96600
【ETH】
The intraday support focuses on 3150, breaking through yesterday's low point support as follows, and the support below is at 3090/3100
The short-term resistance above is still between 3400 and 3450
Focusing on whether it can break through the resistance of the 3-day line is the key to whether it can continue the long position
[Reference for long short direction]
Long positions continue to rise, maintain strength during retracement
Structure of sustained bullish trend
Long positions dominate, with low positions as the main focus and high positions as a secondary follow-up
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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.