Liyuan Community Live Streaming: The market fluctuates, but clear thinking and effective execution are the key

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9031749175 Hello everyone, I am Liyuan. I will be broadcasting live tonight at exactly 7 o'clock. The Federal Reserve's 25 basis point interest rate cut is fully in line with expectations. The market is unusually calm, as many assets have already been priced in early. The fundamental reason for the negative impact of interest rate cuts is the combination of early overdrafts, profit taking of funds, and large capital adjustments, which leads to a decrease in market positions and ultimately results in a decline. Before the early morning interest rate decision, Bitcoin had been on a path of oscillation and correction, reaching a bottom support of around 114800 and then immediately rebounding. Overall, the volatility did not exceed expectations, and currently it continues to be in the pressure range of 117800-118300. Therefore, until there is a substantial breakthrough, it is entirely possible to continue trying to reach higher levels. At present, we have returned to 4-hour and 6-hour support, with 6-hour support being the most important. As the impact of news gradually fades, the market may return to a technology driven trend. Pay attention to important support, and Bitcoin's 6-hour support of 114200 is the lifeline of bulls. If it falls below, there will be an air force feast. 114200 has never been breached, and the price continues to operate above this level. The short-term rebound trend has not yet ended, and there is still hope to challenge the 4-hour pressure range again in the future. Clear pressure and unchanged short selling area: The 117000-120000 range is an important pressure zone in the 4-hour chart and also the core short selling area. This range has multidimensional short selling logic, and this viewpoint remains unchanged. Ethereum is currently under pressure in the 4600-4640 range, with a significantly stronger rebound than Bitcoin combined with overall market sentiment, and there is also a short-term demand for a pullback. RSI is around 70, with stronger momentum, but there are also signs of overheating, indicating that funds are chasing after ETH. Although breaking through today's new high, none of the 4600 positions have remained stable. This indicates that there is insufficient bullish power and significant upward pressure, and there is a high probability of a downward correction in the future. Ethereum can be empty around 4650-4600, with a target of 4580-4550. Tonight's live broadcast will provide real-time explanations for everyone, including the layout of the mainstream Ethereum knockoff market. QQ group number: 923794278 Meeting number: 9031749175 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.