The hawkish army is pressing in, and the Fed is unlikely to cut interest rates in December! 11.14 BTC ETH strategy.

The financial markets have noticed the recent intensive statements from the Fed regarding its so-called "inflation hawkish" stance. According to the federal funds futures contracts, investors have lowered the probability of a rate cut in December to about 47%. Before the October Fed meeting, the expected probability of a rate cut was as high as 100%. Due to the significant decrease in the rate cut probability, the cryptocurrency prices have returned to a bearish trend. The long positions taken during the day yesterday yielded good returns, and a small profit was made in a night trade; however, if another trade is made at midnight, it would have resulted in a stop-loss.
The technical analysis shows that BTC has three consecutive daily declines, the Bollinger Bands are trending downwards, the KDJ lines have formed a dead cross and are diverging downwards, and the MACD has a dead cross diverging downwards for the second time. Overall indicators lean towards bearish sentiment. The probability of a Fed interest rate cut has decreased, leading to a decline in market confidence. However, the White House shutdown has ended, and since the four-hour chart is already oversold, it's not advisable to continue shorting at this position! Fridays are prone to unexpected events, so everyone should operate cautiously. Friends who want to trade can consider trying to go long!
11.14 Long Position Strategy:
Buy BTC at the current price of 98500-99000 for a long position; conservative investors can enter at 97500-98000. Set a stop loss around 97000, targeting 100000-100500-101000. If it breaks, look at 101500-102000-103000. Continue to adjust the stop loss based on the situation!
Enter long at the current price of ETH 3170-3200, for conservative traders enter at 3100-3130, with a stop loss around 3070. The target is around 3250-3300, if broken look for 3350-3400. Continue to adjust the stop loss according to the situation!
11.14 Short Position Strategy:
Short one hand on BTC rebound at 105000-105500, defend around 106000, target around 104000-103500, if broken look at around 103000-102500-102000, continue to move the stop loss based on the situation!
Short one hand at ETH rebound 3550-3600, defend around 3650, target at 3500-3450-3400, if it breaks, look at 3350-3300, continue to break and move stop loss based on the situation!
The White House shutdown has ended, and the country is also working on cryptocurrency regulatory legislation. Currently, it has pulled back nearly 30,000 points from its high, and ETH has pulled back 1,800 points. As long as it hasn't entered a bear market, this is the best time to buy the dip. Everyone can try to gradually enter long positions now! #广场发币瓜分千U奖池