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According to the latest data from CME, the market expects a 95.3% probability that the Fed will keep interest rates unchanged in July, while there is also a 58% probability of a 25 basis point rate cut in September. Will this favourable information be able to drive the crypto assets market to continue to pump?



From a technical perspective, Bitcoin's price is currently operating near the lower band of the Bollinger Bands. Although there is a downward trend, it has not yet broken through the key support level of $116,200. This indicates limited downward momentum, and it is likely still in a correction phase. In the short term, investors should pay attention to the support levels of $1157/$1152 below, as well as the resistance levels of $1192/$1202 above.

Although Ethereum has recently seen a pullback, it still maintains a bullish pattern. Investors should pay attention to the support levels of $3670/$3620 and the resistance levels of $3840/$3940.

For Monday morning trading, it is recommended to set long positions near the Bitcoin price range of $1162-$1167, with a stop loss set around 800 points and target prices set at $1180/$1192/$1202. For Ethereum, long positions can be established in the $3680-$3720 range, with a stop loss of 40 points and target prices of $3780/$3820/$3920.

It is worth noting that although market sentiment is optimistic in the short term, investors should remain cautious, closely monitor market changes, and adjust their trading strategies in a timely manner. The Crypto Assets market is highly volatile, and it is advisable for investors to allocate assets reasonably according to their own risk tolerance and to implement risk management.
BTC0.34%
ETH2.34%
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LayerZeroHerovip
· 9h ago
With this market, what coin can you play without some guts?
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DrFMLodhivip
· 10h ago
well done mate
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MeaninglessGweivip
· 11h ago
A rate cut means bearish; don't ask why.
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ForkMastervip
· 11h ago
This optimistic analysis is quite good at painting a rosy picture for suckers... I can't let you fool me out of the money I need to eat with my three kids.
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NftCollectorsvip
· 11h ago
Big data and on-chain data are both suggesting that the bottom has been reached. Now is the last chance to enter a position.
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Web3ProductManagervip
· 11h ago
quick analysis: these user metrics and bounce rates look promising. but we need to track the post-fed announcement cohort behavior... conversion funnel optimization is key rn
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SilentObservervip
· 11h ago
Take your profits.
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GasDevourervip
· 11h ago
Bear Market long order All in!
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LiquidityWizardvip
· 11h ago
Long positions can do whatever, anyway I've gone all in.
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