Is the interest rate cut about to hit 100,000?

Hello everyone, I am Juanjuan, the top analyst of the 9:30 PM live broadcast.

Let's first review the Bitcoin market this week. Bitcoin soared to a maximum of 94,000 and then began to retrace to 94. The resistance level above was not broken twice last week. We started shorting around 94,000 and took short positions at 93,200

and 92,400. We have been shorting these positions and have also profited from it - a winning streak. In the past few days, I have reminded everyone not to chase shorts as Bitcoin is currently not favorable for shorting.

Currently, the BTC weekly chart continues to stay above the 90,000 mark, and the 4-hour K-line shows a double bottom pattern below. Then, a large bullish candlestick quickly pushed it up to 91,700. This is called a double bottom bullish candle, and we cannot short this market again as there is not much space left. Early morning

we have already shorted around 91,000 once and profited from this wave of shorts. Today, the focus should be on going long. This week, we expect to see bullish momentum, looking for Bitcoin to firmly break the 94 level and stabilize before targeting

the 96-98 area.

As for Ethereum, the market last night saw a deep spike but the rebound strength is also very strong. Ethereum has broken through 3,100 and stabilized at 3,100. The next strong resistance above is at 3,300. Ethereum's exchange rate still has a chance for a rebound. If Ethereum starts to strengthen, you can try to go long for short trades. If the rebound breaks through 3,300, there is a chance to see the 3,400-3,500 range!

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