Interpretation of cryptocurrency market on SEP 23 2022

After a decline due to the expected increase in the Fed's interest rate ceiling, the market has rebound signs. This operation is as long as the appropriate position reduction and the cost price to make a stop loss or with a moving take profit as the ultimate precaution.

Combined with the larger cycle, the exit from the rate hike and maintaining interest rates will likely synchronize with the bull market First Wave.

Inflation began to be lower than the interest rate probability in the bull market during the Second Wave retracement of the stage. In contrast, the Third Wave saw a significant rise in the interest rate cut.

It is still under the high-pressure monetary policy of the Federal Reserve, and the next big positive for the crypto market is the ETH slice.

The short-term short and low positions only support the rally, and the possibility of continuing to bottom out after the rally is not little.

So for the next half month or so, do an excellent job on this rally first, and then the probability is still to return to the short side camp.