Today's Market Analysis Share
Today, the cryptocurrency market is influenced by both the expectations of Federal Reserve policies and regulatory dynamics. The Federal Reserve has kept interest rates steady, but expectations for rate cuts have been lowered, with hawkish signals putting pressure on risk assets, causing Bitcoin and Ethereum to decline. On the regulatory front, the SEC has postponed the XRP and Solana spot ETF applications, which is bearish for related currencies in the short term; however, the Senate has passed the GENIUS Act, which, if followed by the House of Representatives, will be beneficial for stablecoins and the DeFi ecosystem.
Bitcoin (BTC) is currently priced around $104,868, with the RSI on the 4-hour chart indicating oversold conditions, and a MACD death cross showing strong bearish momentum. Support levels to watch are between $103,000 and $104,000, with a break possibly testing the psychological level of $100,000; resistance levels are at $106,000, $108,000, and $110,000.
Ethereum (ETH) is fluctuating between $2,455 and $2,616, with the RSI oversold but not at extreme levels, and the MACD below the zero line but relatively healthy on a technical basis. Support levels are at $2,450 to $2,470, with a break potentially exacerbating the downtrend; resistance levels to watch are at $2,550, $2,620, and $2,700.
In terms of operations, set reasonable stop losses to avoid excessive leverage; diversify investments and pay attention to compliant projects; under the uncertainty of Federal Reserve policies and regulation, maintain caution, closely monitor market dynamics and technical changes, and formulate reasonable investment strategies.
