Rate cuts are about to begin, is Powell under pressure? 12.7 BTC & ETH Evening Trading Strategy

The bottom-fishing strategy given at the beginning of the month met expectations—BTC easily broke above 10,000 points, and ETH also gained two to three hundred points. The short strategy at the rebound to 94,000 also matched expectations. Although Friday's PCE inflation data fell short of expectations, with rate cuts imminent, since last year only a one-time 50bps cut under Trump boosted the market. However, during this White House shutdown, crypto prices experienced a deep pullback. Conan believes this rate cut will boost the market, so the bullish outlook remains unchanged!

From a technical perspective, BTC and ETH weekly candles will most likely form a doji, with KDJ indicator turning upwards from a low position and MACD momentum also shrinking. Plus, spot ETFs have seen net inflows for two consecutive weeks. Although the volume isn’t huge, it’s enough to show that market confidence has been boosted, so the buy-on-dip strategy remains unchanged!

12.7 Evening & Next Early Morning Long Strategy:

BTC: Buy on pullback at 89,500–90,000; conservative entry at 88,500–89,000; stop loss below 88,000; target 91,000–92,000; break above targets 93,000–94,000; if breaking further, use trailing stops to lock in profits as appropriate!

ETH: Buy on pullback at 2,970–3,000; conservative entry at 2,900–2,930; stop loss near 2,850; target 3,050–3,100; break above targets 3,150–3,200–3,250; if breaking further, use trailing stops to lock in profits as appropriate!

12.7 Evening & Next Early Morning Short Strategy:

BTC: Short on rebound at 94,000–94,500; stop loss near 95,500; target 93,000–92,000; break below targets 91,000–90,500–90,000; if breaking further, use trailing stops to lock in profits as appropriate!

ETH: Short on rebound at 3,230–3,250; stop loss near 3,280; target 3,200–3,150; break below targets 3,100–3,070–3,050; if breaking further, use trailing stops to lock in profits as appropriate!

Previously, the market rumored that Powell would soon step down as Fed Chair, though there’s no specific timeline yet. Trump also publicly commented on the next Fed Chair candidate. Whether this will trigger any negative reactions remains to be seen—let’s wait and see! #成长值抽奖赢iPhone17和周边