September 16, BTC/ETH Market View:
Bitcoin's daily K-line closed with a bullish doji, MACD bullish momentum began to decline, and the KDJ three lines converged at a high level, forming a death cross. The intraday strategy remains to focus on long positions. Opportunities to enter the short position are at 115,500 to 116,500. Downside targets are 114,500, 113,500, and 112,500.
Ethereum's daily K-line saw three consecutive declines, and the price retreated under pressure from the upper band. Currently, the price is fluctuating around the BBI support line. Only a break below the middle support line of 4420 will open up downside for short positions. Multiple rebounds tested 4540 but failed to break through. Upside pressure is expected at 4550, 4600, and 4650. Opportunities to enter the long position are around these levels. Downside targets are 4480, 4430, and 4380. #ExpectationsofFederalReserveCutRateRateRateRise