#ETH I just scanned the chart, and it's pretty similar to what I posted last night. A rate cut is essentially confirmed. Focus on tomorrow night's conference presentation:
- If you're more dovish, follow the red scenario, with the bottom likely around 4450.
- If you're more hawkish, follow the blue scenario. There will be significant volatility, which presents a good opportunity for a buy-in.
The overall trend is bullish. Whether it's a 25 or 50 basis point rate cut, the rate-cutting cycle has begun. It's inherently fixed, just like before:
1. The Bitcoin spot ETF was approved. Even if there's a dip, from 48,000 to 38,000, the broader trend is positive.
2. Trump's election is a positive sign for the broader trend.
3. The rate-cutting cycle has begun, which is also a positive sign for the broader trend.
A downward sell-off is likely a fakeout. Buy on a pullback in the main direction. Don't be fooled by institutions into getting out. If you're caught in a short squeeze and become trapped, it might not be easy to get out this time. Received 1 like reply