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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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December 28th
BTC From the daily chart, it can be seen that yesterday once again followed the previous day to collect a green K-line, rebounded and fell after encountering resistance from the daily MA5/10 moving averages, and the short-term support is still focused on the daily MA60 moving average, which is 9.17; looking at the overall trend from the 4-hour chart, as analyzed in yesterday's article, the price has been suppressed by the MA256 moving average, which is 9.74, and the short-term has clearly formed a pressure level at the positions of 9.74/9.9. Subsequently, the focus is on whether the price can break through and stabilize above 9.74, and this range can be treated as a range of oscillation for now.
From the daily chart of ETH, yesterday's daily chart formed a green doji candlestick with a long upper shadow. With the continuous downward adjustment of the daily MA5/10 moving average, it is about to converge with the daily MA60 moving average. The short-term weakness in the market is more obvious. The short-term support and resistance level is focused on 3360. If it cannot break and hold above 3360, the main focus is still on the pullback.
BTC: 9.4-9.53 Sell High, Buy Low
ETH:3300-3400 high sell low buy
#ETH# #BTC# #ContentStar#