Jiangfeng Capital Warns of Increased Volatility Ahead of Fed Rate Decision

Last week's market movement was quite exciting, but this week's focus is on the Federal Reserve interest rate decision at 2:00 AM (UTC+8) on Thursday. According to CME data, there is about a 90% probability of a 25 basis point rate hike.

This increase in volatility could lead to a 'sell the news' scenario after the announcement, making it essential to remain cautious and prioritize light positions. Jiangfeng Capital advises traders to open main short positions in specific rebound areas for BTC and ETH, with stop-loss ranges varying from 200-300 points for BTC to ±5 points for ETH.

The strategy suggests watching support levels at 77,000-76,000 for BTC and 2,460-2,400-2,350 for ETH, with further breakdowns expected below these targets. It's crucial to note that the above strategies reflect only the personal trading levels planned by Jiang Feng.