I really got schooled by the market today. At noon, I was telling everyone to wait for a pullback before going long, but in the afternoon, it shot straight up to the first resistance level, and only started dumping in the evening. After two candlesticks, the price was back to where it was at noon—don’t know if your accounts also took a rollercoaster ride.

To sum up: this 1-2 hour level rally is over, and now the key is to watch the strength of the pullback. Whether BTC can hold 90,000 and ETH can stay above 3,090 are the life-or-death lines going forward. As long as these two levels aren’t broken, there’s still room for a small rebound; once they break, a deep correction is coming. Before the rate cut is confirmed, my strategy remains the same—set up long positions at the lower support levels.

**Key levels to watch tonight:**

For BTC, 91,100 is a watershed. If it stands above, the 1-2 hour level pullback is over and the trend continues upward; if not, it means the rebound is weak and the price will continue to look for support below. Watch for resistance at 92,280, 94,150, and 96,000. Key supports are 90,000, 88,880, 87,700, and 86,230.

ETH is similar—3,130 is the key level. If it holds, the pullback is over, with resistance at 3,180, 3,226, and 3,270; if not, the decline continues and 3,088 is the first line of defense.

The market moves fast—levels matter more than sentiment. Watch how these points play out tonight and then decide how to adjust your positions.