The Federal Reserve (FED) lowered the interest rate again, can the rise of BTC and Ether continue?

Recently, many economic data in the United States have been weak, and it is certain that the Federal Reserve (FED) will lower interest rates next week. Everyone is talking about a rate cut in September, and the cryptocurrency market will see a significant rise. "Beginners watch the party, while professionals watch the details." It cannot be denied that if the interest rates are cut on the 19th as expected, the financial market will witness a rise, as will gold, U.S. bonds, and cryptocurrencies will record an increase, while the dollar will decline. I believe beginners understand these facts, but ultimately, the amount and frequency of rate cuts, and whether it will happen as expected, remain filled with uncertainty. Currently, considering these positive factors, it seems that BTC and Ether have started to absorb them in advance. This week, whether it's BTC or Ether, both are on an upward trend, which is why our strategy continues to be to buy before the interest rate cut!
Currently, market sentiment is high, as everyone expects the markets to continue to rise, but what I want to say is that for positive news with high certainty, there is a significant possibility that institutions and key players will raise prices and then offload their shares afterward. Everyone understands the importance of caution in good times, and we cannot ignore that.
Let's talk about the market. If the market can appropriately decline during this period before the interest rate cut, I think that would be a good thing. This means that after the interest rate cut, there might be more room for a rise. However, the current situation is that positive news has already been absorbed before the interest rate cut, so the room and extent for the market's increase are relatively large, especially for major currencies like BTC and Ether. Since September, BTC has seen an increase of nearly 10,000 points over more than a week, and Ether has also achieved an increase of over 500 points. The market is booming, but once the positive news ends, if there is no new stimulus, the market may experience a 'buy the rumor, sell the news' situation, leading to a correction of 'taking profits', especially if the previous market was overly optimistic and focused on leveraged buying, which could amplify the decline, resulting in a significant market downturn!
Technically, the overall trend for Bitcoin in the short term remains bullish, as the moving averages system shows a typical ascending order, but the MACD momentum has weakened, and potential negative divergence signals have appeared on the daily level, which may mean that the market could face correction risks after its rise.
Ether, as of now, its highest price has risen to 4,758.55 dollars, achieving its highest level since August 25, and the trading volume has also increased, reflecting a classic bullish pattern known as "the long column with increased volume." However, Ether is facing pressure from previous highs near 4,800 dollars, and the MACD indicator shows that short-term momentum has waned, and the market may face a technical correction in the short term. Therefore, it is better to wait for opportunities to return to lower points for buying!
Trading suggestions for Sunday evening: Buy Bitcoin on the dip near 115000, with a focus still on 117200 above, and the interim target is 120000. Buy Ether on the dip near 4580, with your target above being 4800!
Please pay attention, the approaching interest rate cut may mean that market volatility could be significant, short-term traders should exercise caution! My personal opinion: we are waiting for another round of rises, and if the interest rate is cut without any new positive factors in the market, we may face correction risks, at that moment we might consider completely changing direction towards short positions, welcome to those who have ideas to communicate at any time! #币圈趣事分享