Powell’s Fiery Speech Triggers Sharp Drop — Cautious Buying on China-US Optimism!
📅 10.30 Bitcoin & Ethereum Strategy Update
The Federal Reserve cut rates by 25 basis points as expected — marking the second consecutive cut. However, two members dissented, signaling rising internal division. During the press conference, Powell’s hawkish tone directly pushed back on expectations for another cut in December.
As a result, US equities (Dow Jones, S&P 500) pulled back sharply, and the crypto market mirrored the decline. Yesterday’s long trades saw only modest profits, and Bitcoin remains range-bound.
🔹 Market Overview
BTC daily chart shows three consecutive bearish candles, price below the 20-day MA.
Bollinger Bands tightening signals a potential volatility squeeze.
KDJ lines are crossing downward and expanding; MACD volume continues to shrink — short-term bias remains bearish.
However, with China-US negotiation optimism and oversold signals on the 4H chart, there’s room for a technical rebound.
💎 BTC Strategy
Long Setup:
Entry: 109,500–110,000 (Aggressive) | 108,500–109,000 (Conservative)
Stop: 108,000
Targets: 111,000 → 111,500 → 112,000, extended 112,500 → 113,000 → 113,500
Adjust stops as profits lock in.
Short Setup:
Entry: 113,500–114,000
Stop: 114,800
Targets: 112,000 → 111,500 → 111,000, extended 110,500 → 110,000
Manage risk and trail stops carefully.
💎 ETH Strategy
Long Setup:
Entry: 3860–3900 (Aggressive) | 3800–3830 (Conservative)
Stop: 3760
Targets: 3950 → 3980 → 4000, extended 4050 → 4080 → 4100
Short Setup:
Entry: 4100–4140
Stop: 4180
Targets: 4080 → 4050 → 4030 → 4000 → 3970
🧭 Summary
This wave of decline stems mainly from Powell’s hawkish remarks, but rate cuts remain fundamentally bullish for risk assets. With positive signals from China-US negotiations, sentiment could stabilize soon — don’t be overly bearish!
#Bitcoin #ETH #CryptoStrategy #PowellSpeech #MarketUpdate