On 25/05/08, BTC broke through to 100,000, and Ethereum's rebound is coming, with altcoins experiencing a significant rebound.
The Federal Reserve announced that it will maintain the federal funds rate target range at 4.25%-4.50%. This is the third consecutive time they have held steady, aligning with market expectations, but there may be an increase in June and July. In light of the dual goals of inflation and employment, and facing inflationary pressures from tariffs and economic uncertainty, they are taking a wait-and-see approach, and there will be no interest rate cuts in the short term. Policy decisions will be data-driven.
Bitcoin's 4-hour rising channel broke through to 99863, also coming just below 100,000. Ethereum has oscillated for over ten days with a daily increase of 8.8%, which basically aligns with our previous prediction. The beautiful valley continues to rebound upwards and is similarly targeting the height of 0.886.
Bitcoin
The 4-hour daily rising channel broke through just below 100,000, touching 99863. The Fibonacci level strongly broke through 0.618. After a price adjustment to 95700 following the FOMC meeting last night, there was a rebound, and we mentioned yesterday that if the second rebound truly breaks and stabilizes above 0.618, there would be a chance to challenge 100000, which is getting close today.
The daily MACD continues to cross the zero line, which is a very strong signal. The crossover of the fast and slow lines upwards does not rule out the possibility of reaching 0.886, which is 103000—106000.
Support: 93327—95700
Resistance: 102000—103333—106000
Ethereum
Ethereum has been in a sideways trend for two weeks, and most people are already numb. During this period, we have been watching Ethereum for a rebound. Yesterday, we mentioned a rebound target of 2100—2300. The longer the narrow range oscillation lasts, the greater the accumulation of strength. The approach for Ethereum remains to buy low around 1730—1750, with a rebound after reaching a low of 1786 this morning.
The ETH/BTC exchange rate rebound has just begun. Since the rotation we mentioned earlier is still valid, we will focus on the significant rebound of altcoins in the future.
Support: 1787—1873
Resistance: 2100—2300—2500
