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2.2 Monday Morning Bitcoin / Ethereum Silk Road
The Federal Reserve Chair change, coupled with partial government shutdown, caused extreme market panic. Gold and silver experienced sharp declines, and the crypto market also faced a bloodbath. The panic sentiment has been alleviated.
From the market perspective, Bitcoin once again dipped to around 75,500 before quickly rebounding. A short-term bottom has formed, with MACD showing a golden cross and the green histogram continuing to expand.
Ethereum's trend is not much different from Bitcoin. After this round of decline, liquidity has sharply decreased, but the 2200 support level is solidified, and it is clear that someone is quietly accumulating at the bottom.
Personal suggestions:
Bitcoin can move north around 77,000-76,000, targeting 79,000-80,000.
Ethereum can move north around 2280-2220, targeting 2380-2400.