11.7 BTC, ETH evening analysis: interest rate decision is coming strongly, where is the market going?
The interest rate decision will be released at 3:00 am tonight. Once the interest rate cut of 25 basis points is confirmed, it will be good for cryptocurrencies, and there is a high probability that it will break new highs. Pay close attention. Recent posts are all prompting long positions, and the general direction is basically in line with expectations. With the end of the election, the lifeline of 71,500 on the daily line of Bitcoin has been strongly broken, and the bullish trend has been basically confirmed. In terms of indicators, we should focus on the divergence of the daily volume. In the case of downward bearish divergence, the retracement of Bitcoin is very small, so we need to be vigilant! Recently, it is recommended to do Ethereum. Ethereum is too weak. The main reason is that after breaking through the daily range, it rose by more than 200 points. There is a lot of room for concentrated outbreaks.
From the daily chart of ETH: the wedge triangle interval has broken through the upper lifeline of 2770, forming a bullish trend. At present, resistance and pressure are mutually converted. The 4-hour lowest point is 2619, which is also the best point for long positions. If the lifeline is broken, look at the lowest point. If it is not broken, go long around 2770 and grasp the key position. Combined with technical indicators, the moving average has deviated from the indicator and will retreat in the short term. The attached indicators are all bullish, because the OBV and KDJ indicators form a cross-up. The small level crosses the large level and belongs to a strong bullish stage. The general direction of the daily trend chart is very obvious. The bottom-to-bottom high structure is upward, so wait for the callback to end and follow the general direction to go long
BTC evening strategy: 73700-74200 to do more, and the target is around 75900!
ETH evening strategy: long at 2765-2780, target around 2915!
