#Fed Restarts Rate Cuts Today's rate cut had a minimal impact on $BTC and was within everyone's expectations. Putting aside the news, and focusing on channel trading within the 4-hour chart, we'd take a long position at the lower support level of the channel, between 114,700 and 115,000, and set a stop-loss at 113,115. Why 113,115? If the price falls below this level and can't close, the 4-hour upward trend will have broken. Therefore, a stop-loss of approximately 1.3% in the decline also aligns with our channel trading logic. So why is the take-profit level placed around 117,500? Based on the K-line movement, it's right near the middle line of the upward channel. The previous high of this channel is 117,286. This means that if it rises, it will approach this resistance level, and there's a high probability of a sharp drop. Therefore, after taking profit, we can also enter a short position in the 117,300-117,600 range. What should I do if I'm currently profitable on a long position? The current price is $116,000, a $13,000 increase. If you're worried about profit-taking, you can close 3/1 of your position at this price to lock in profits, then set a stop-loss at $115,000 to protect your capital. If you're pushed flat, you'll still have a small profit, so at least your efforts weren't in vain. If you're pushed flat, don't rush to open a trade; wait for a better entry point! If you haven't been stopped out, then simply wait for your take-profit! $BNB is quickly breaking through $1,000. The market is moving at a good pace, and the 4-hour chart is very strong! Let's get to $1,000+ first. $F: Needless to say, sideways consolidation, with further upward movement. Currently experiencing a floating loss.