After waiting all night to watch the pet show: Iran releases pigeons, the Federal Reserve takes a hawkish stance, canceling each other out, resulting in a 1-point fluctuation, speechless!
BTC and ETH are still in narrow fluctuations, having consolidated below the middle line of the daily chart for 7 days now, about to choose a direction, with a high probability of a downward spike; the daily chart shows a structure of a 3-wave decline that is missing one leg for a new low, likely to occur today or tomorrow;
Currently, it can be seen that unless the U.S. personally intervenes in the Middle East, the mutual fighting between Iran and Israel has little impact. The Federal Reserve's decision has also been released, as expected, with no interest rate cuts, and the probability of a rate cut in September has increased from 60% to 71%. The expectation of two rate cuts by the end of the year still exists, and there are no significant negative factors remaining, so it’s about time to start digging a pit to jump; pay attention to the spike;
From the daily and 4-hour charts showing a structure of a 3-wave decline, BTC's low of 102,600 will definitely be broken, and the hope is to break the previous low of 100,300 to clear out the bulls; for ETH, it would be best to break the previous low of 2,433 and then hold at the support of 2,380, allowing the daily 3-wave structure to form while keeping the 5-day ABC wave intact;
During the day, the probability is still primarily for fluctuations, with upper pressure at 105,800 and the middle line at 2,570;
