Yesterday, BTC strategy bought at both 114000 and 112000, with the first wave of BTC rising 2000 points and Ether rising 70 points. The second entry point for BTC was at 112000, with a low of 112037. Currently, both waves of pullbacks have provided good rebounds, and from the daily chart, the upper band for BTC has moved down to 116000, while the upper band for Ether is at 4220. Tonight, there will be the Fed interest rate decision and Powell's speech, which will definitely have a short-term impact on the current trend. A rate cut is inevitable. A rate cut of 25 basis points aligns with expectations. The market will not experience significant fluctuations due to this data, unless there is an unexpected larger rate cut. If the expected 25 points are cut, the focus will mainly be on Powell's speech at 2:30 AM regarding whether there will be dovish remarks about a rate cut in December and whether he will discuss ending the balance sheet reduction (ending the balance sheet reduction means increasing the speed of money printing, which will release liquidity favorable to the financial market).

Additionally, the leaders of China and the United States will meet in South Korea on October 30th and 31st to discuss trade and tariff issues. We should also pay attention to whether some positive signals and news will be released.
Technically speaking, regardless of the position at which the daily chart closes, most of the time it needs to go up to repair the daily chart a bit. Data will affect short-term trends, but the market will still move towards the repair it needs to make.
Should we buy more on the pullback or not? For those who didn't manage to sell all their spot, there will still be opportunities for a pump.
BTC resistance 114100/116000/118000
Support 112700/112000/111000(. For short-term pullback to the 112700 level, it can also be considered to enter long, with a stop at 112000. The short-term take profit target is around 114000.
If there is indeed a pullback to the 111000 daily chart standard position, it can be a good opportunity to go long, with a stop at 109600 and a target of 114000.
Ether resistance 4065/4095/4160/4220
Support at 3970/3910 below (you can buy long when it hits, with a stop loss at 3860. Take profit target at 4060/4100)
SOL resistance 197/203
Support at 192/188 (can also go long. Defend at 185, target at 196/202)
Wishing everyone a smooth trading experience! $BTC