The Federal Reserve's hawkish expectations are heating up, the US dollar is strengthening, and high-risk assets are under pressure. Bitcoin plunged to 64,800 yesterday, then rebounded to around 65,800 with sideways movement. Ethereum followed suit, weakening and falling below the 2000 level, currently under pressure around 1950. The daily chart shows two consecutive bearish candles, and the medium-term weak trend remains unchanged. Given the poor liquidity over the weekend, the market is likely to fluctuate within a range today. It is recommended to focus on short-term selling and light positions for trading.
Bitcoin: Short at 66,100-66,700, target around 65,200-64,400 Ethereum: Short at 1,950-1,980, target around 1,900-1,870
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Saturday Morning Market Analysis for 2.28
The Federal Reserve's hawkish expectations are heating up, the US dollar is strengthening, and high-risk assets are under pressure. Bitcoin plunged to 64,800 yesterday, then rebounded to around 65,800 with sideways movement. Ethereum followed suit, weakening and falling below the 2000 level, currently under pressure around 1950. The daily chart shows two consecutive bearish candles, and the medium-term weak trend remains unchanged.
Given the poor liquidity over the weekend, the market is likely to fluctuate within a range today. It is recommended to focus on short-term selling and light positions for trading.
Bitcoin: Short at 66,100-66,700, target around 65,200-64,400
Ethereum: Short at 1,950-1,980, target around 1,900-1,870