Ethereum fell back after resistance around 3250.



The price touched this level and quickly pulled back 7%, reaching a low of 3060. But don't jump to conclusions - there are still 5 days left before the rate cut, and the market is entirely likely to test the high again, and even the possibility of rushing to 3400 is not ruled out.

If you hold a medium and long-term position, just hold it as planned. The remaining positions can be considered to be shorted in batches the day before the interest rate cut, and the pullback window will often usher in after the interest rate cut is implemented. Short-term players can take profits on dips and re-lay short orders before interest rate cuts.

By the way, PCE inflation data will be released at 11 o'clock tonight, which often causes short-term sharp fluctuations and keeps an eye on the market.

ZEC has performed well in the past two days.

It started around $300 and rebounded by 30%. Now that it is close to the 460 position, the pressure is obvious technically, and you can try to go short. Of course, there is also a small resistance level near 420, so it is recommended to enter in batches and don't take a shuttle.

In addition, BCH and WLFI have also fallen quite a bit recently, in line with previous expectations. I took a screenshot when I closed a few short orders in the early hours of yesterday morning - mainly these currencies, I received 100,000 yuan in one night, and the rhythm was quite accurate.

When the market is volatile, opportunities and risks are magnified.
ETH-3.35%
ZEC0.95%
BCH-1.63%
WLFI-2.56%
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NotFinancialAdviservip
· 12-10 04:07
3250 was smashed, and this wave may really be the main test Wait, is there still a chance to rush up before cutting interest rates? Then I'll have to keep an eye on the PCE data The ZEC position is indeed a bit suspended, and the pressure around 460 is too great I have to say that it is indeed easy to make quick money when there is a lot of volatility, but the mentality is more likely to collapse 3400 is really possible, it feels like it's not over yet One hundred thousand in one night, this brother really grasps the rhythm accurately, I have to learn The short term is a gamble, and it is these percentage points that are bet
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PessimisticOraclevip
· 12-10 04:06
3250 is indeed fierce, but I feel that there will be another wave, don't rush to lie flat before cutting interest rates. However, the PCE data is really unpredictable, and you may have to work overtime tonight. ZEC's rebound is a bit fierce, and the 460 pressure level is a little more stable in batches. It's okay to get 100,000 yuan in one night, but my rhythm is all messed up, and I envy you for stepping on it so accurately. In fact, in the face of the big market, everyone is easy to be numb, and the key is to keep the mentality.
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MEVHunterZhangvip
· 12-10 03:46
The position of 3250 seems really difficult to break through, and I feel that it still depends on how to cut interest rates Why do you say PCE, I have to stay up late tonight to watch the market ZEC's rebound is a bit fierce, and 460 does have to be cautious Yesterday's wave of operations was really bullish, but now the market is so volatile that it always feels like there are a lot of pitfalls The layout of short orders before the interest rate cut sounds good, but I am a little unconfident now
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SchrodingersPapervip
· 12-10 03:45
3250 is a pit, I am also looking at ZEC, which rebounded by 30%, and the hurdle of 460 is really unbearable Wait, you made 100,000 yuan in the morning? How do I feel like I'm dreaming haha The days before the interest rate cut are really more exciting than a roller coaster, and the PCE data is estimated to have to be bloody again
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