Let's just say the cryptocurrency market is super critical right now, and the overall trend is shooting up after some ups and downs. Bitcoin has surged back above $92,000, and Ethereum is also steadily holding onto a key technical position, causing everyone's sentiment in the market to heat up.
Looking at the technical indicators, Bitcoin's four-hour chart shows that it has broken through the middle band of the Bollinger Bands, and the MACD indicator has formed a golden cross, indicating that it has considerable upward momentum in the short term. However, there is a "roadblock" near $95,000; if it can overcome that, the space for further increases could be huge.
Now, looking at the fundamentals, there are rumors that the Federal Reserve's monetary policy may change direction, and this notion is becoming more prevalent. Additionally, institutional investors have been steadily increasing their investments in the market through ETFs. Furthermore, the activities of major cryptocurrencies on the blockchain are becoming more frequent, bringing a lot of good news to the market. @GAIB AI
If you plan to invest for the long term, don't rush; slowly buy into those mainstream cryptocurrencies over several transactions to reduce risk. If you prefer short-term trading, pay close attention to those key positions on the technical front to see if there are signs of a breakout. Regardless of your investment strategy, you must manage your positions well, and the rules for stop-loss must be strictly followed; don't end up losing everything in the end. #GAIBAI #美联储重启降息步伐 @GAIB AI