Today's market shows a trend of decline and consolidation, and market sentiment is becoming cautious.
Holders are worried about the continuation of the pullback, with outside funds showing strong wait-and-see sentiment. Bitcoin and Ethereum are both in a phase of high-level consolidation. It is recommended to maintain strategic determination in operations and wait for a better entry opportunity.
Technical Analysis:
Currently, the $94,500 area has formed an important resistance level, and short-term rebounds have repeatedly faced obstacles here. The $91,800 area below forms a key support zone, maintaining an overall rhythm of oscillating downwards. Although some technical indicators show oversold signals, the market often says "no break, no establishment"; before a strong rebound, there may be an accelerated downward movement, and caution is required for short-term break risk.
$ETH is also under pressure:
The $1,800 round number is once again facing a test, with technical patterns resonating with Bitcoin.
$1,810 serves as a rebound resistance zone, while the $1,740 support level below is crucial; the gain or loss at this position will directly influence the overall trend of altcoin sectors.
Currently still in a pullback cycle, close attention should be paid to changes in trading volume.
Macro event window approaching:
At 2:00 AM this Thursday, the Federal Reserve will announce the latest interest rate decision, and the market is highly focused on policy trends. The former president has repeatedly called for rate cuts, but current mainstream expectations still lean towards maintaining the status quo.
This data could become a turning point for the short-term market.