Good afternoon, brothers. A new week has begun. The night of the 17th this week is a key moment to decide whether to cut interest rates. If there is no rate cut, there will be a big dump. If there is a rate cut, it will rise first and then start to fall. Whether it will be a 25 basis points cut or a 50 basis points cut, after the rise, it will fall. That's basically the logic.

The market has been digesting the expectation of interest rate cuts for half a year, and everyone has been kept in suspense. I suggest that everyone observe mainly on the 17th and 18th, and wait until the news about the interest rate cut is over before reassessing. After all, there will definitely be big fluctuations around that time, provided that the direction you bet on is correct! If it turns out that there is no rate cut or it is postponed, then brothers should immediately go short, short, short!

The weekly level of Bitcoin has had two consecutive rises. On the night of the 1st, I publicly mentioned that everyone should enter Bitcoin spot positions or light long positions. Now, with more than 10,000 points already easily grasped, you can decide how to proceed. Regardless of whether interest rates rise or fall, it will fall; it's just a matter of time. Brothers, if you are in profit, manage it yourself!
Yesterday during the day, I mentioned that Bitcoin would not fall below the top of the 1147-day line level and would consolidate. Last night, as it dipped, Bitcoin stabilized around 1147. Today, we first look at the top of the weekend's 2-day consolidation area at 1161. Only by breaking through this position can we see a strong rise. Further up, strong resistance is at 1175-12 and the previous high. This week, the first support levels to watch for a pullback are around 113-1108-1075!
Market analysis for today:
Pay attention to the position of 115540 for Bitcoin today. As long as it can hold above this level, the current pullback will end and the market will start to rise. The resistance levels above to watch are around 116100-116600-117395!

If it falls below and retests the position of 115540 today, then the 1-2 hour level will start to adjust again. Pay attention to the support levels around 114780-113920-113110!
Ethereum started to rebound after hitting the previous low this morning. Pay attention to the level of 4635 today. As long as it can hold above this level, the pullback will end and the market will start to rise. The resistance levels to watch above are around 4690-4730-4766!

If it falls below and tests the position of 4635 today, then a pullback will need to start at the 1-2 hour level, and the support levels to watch are around 4576-4540-4502.

SOL started to rebound after hitting the first support level given last night this morning. Today, pay attention to the position of 241. As long as it can hold above this position, this wave of pullback will end and the market will start to rise. The resistance levels above to watch are around 244-247-249!

If it falls below and retests the 241 level today, then it will start to correct on the 1-2 hour level, with support levels to watch around 239-235-232!