Last week saw a lot of news and the overall market movement was quite exciting. In the 40th and 41st rounds, Bitcoin short positions at 79,850 and 79,200, as well as the 42nd round Ethereum short at 2,535-2,565, also touched the 2,460 mark yesterday, offering a profit margin of about 80 points!
This week, the focus is on the Federal Reserve interest rate decision at 2:00 AM (UTC+8) on Thursday. According to CME data, there is about a 90% probability of a 25 basis point rate hike. In theory, volatility should increase over the next few days, but after the actual announcement, the market could face a “sell the news” scenario. Therefore, it's important to remain cautious in trading, and prioritize light positions!
Main strategy: light short positions
BTC: Open major short positions in the 79,200-79,800 rebound area, add around 80,500, set stop loss at 81,500. Targets: first watch support at 77,000-76,000; a confirmed break will point toward 75,000-73,700, and further down to 72,000-70,000.
ETH: Open main shorts in the 2,565-2,600 rebound area, add around 2,665-2,675, stop loss at 2,730. Targets move lower to 2,460-2,400-2,350, with further breakdown expected at 2,230-2,080.
⚠️: If you can't accept wide stop-loss ranges, reduce your position size or place your stop-loss just above your next planned entry (200-300 points for BTC, 10-20 points for ETH).
⚠️ Entry and exit ranges may have some error: ±100 points (BTC), ±5 points (ETH). The above strategies reflect only the personal trading levels planned by Jiang Feng. Please use this information rationally.
