This Ethereum pullback was really intense! The resistance at 3250 was no joke—touched it and immediately dropped 7%, straight down to 3060. But on the other hand, there are still 5 days left before the rate cut. If a rebound and a second push to the top happen during this period, it wouldn’t be surprising. If we’re lucky, it might even reach around 3400.

Here’s how I see the strategy: stick to long-term positions as planned and don’t make any moves. You can consider gradually setting up short positions the day before the rate cut, since the price is likely to trend downward slowly after the cut is announced. For short-term trades, lock in some profits on dips first, then look for opportunities to short again before the rate cut.

One more reminder: the PCE data is coming out tonight at 11pm. This has a significant market impact, so keep an eye on the charts when the time comes.

ZEC has rebounded nearly 30% over the past couple of days. If the price approaches 460, you can consider setting up short positions. There’s minor resistance around 420, so you can try there too, but it’s better to scale in rather than go all in at once.

BCH and WLFI have both dropped sharply lately, so there’s a lot of volatility and plenty of opportunities. These coins have been moving wildly in the short term, and if you catch the right momentum, the returns can be considerable. For example, during that wave last night, the combined moves across several coins could net a five-figure profit in a single night.

The market sentiment is changing rapidly during this period, and there are indeed plenty of opportunities. The key is to manage your timing and position sizing well. There will be more trading opportunities ahead, so stay tuned to market developments.