Next week's long-term outlook
As previously mentioned, the short-term rebound will at most push to around 65,500-67,000, with the Federal Reserve decision on the 18th being a major turning point in the market.
After reaching the target of around 67,200, the market will turn down as scheduled, officially beginning to fall on the 18th, with consolidation and oscillation on the 19th. This wave of rebound is just a brief correction after the decline.
The overall long-term trend still favors caution; remember these two points:
First, every rebound now is an opportunity to enter the market cautiously, as the main trend of the market has not changed.
Second, focus on two key levels: the upper resistance at 66,300, which must be broken and held to continue a slight upward move. Even if there is a short-term breakout, reaching the 70k level is almost impossible! Currently, the short-term rebound is further compressing, and the range is getting smaller. The support at 60,000 is the bottom line; if broken, the first target for the wave is the low of 55,000, and the second target is around 53,000.
The Federal Reserve's dovish stance remains a bearish pressure. Don't blindly buy the dip for a wave; instead, look for opportunities to gradually build positions during rebounds. Manage your holdings carefully, and prioritize risk control. $BTC $ETH #美伊谈判推迟