Thursday, no rate cut, dust settles, the air force continues to play music and dance

In the early morning, the Federal Reserve concluded its two-day monetary policy meeting, announcing "no change" and no rate cut. After the decision was announced, gold and silver soared together, while Bitcoin came under pressure and failed to hold the 90,000 level. Currently, the overall trend has returned to weakness, and today’s strategy is to continue shorting on slight rebounds.

The daily chart shows a large bearish engulfing candle swallowing three consecutive bullish days, indicating strong resistance above. It is temporarily necessary to pay close attention to the test of the previous low support at 86,000. Only a break below can extend the downward move; otherwise, it will enter a range-bound oscillation again. At the end of the month, consider shorting on rallies.

Bitcoin: Suggest short positions in the 88,300-88,800 range, target 87,000, break below 86,000

Ethereum: Suggest short positions in the 2,960-2,990 range, target 2,900, and below that, look for 2,800

A senior mentor with eight years of experience, a witness to bull and bear cycles, believes that fighting alone is less effective than walking with the light. Buddha guides those with fate, I await those with sincerity.

#金价突破5200美元