BTC has been oscillating for nearly a week now, and at 2 AM, the Federal Reserve's monetary policy will be announced, which may reveal the upcoming direction.
ETH's recent performance has been relatively good, and compared to its previous trends, it now appears to be stronger, with ETH showing a leading trend compared to BTC recently.
Analyzing the current oscillation, it appears that retail investors have mostly sold off their positions, with only a small portion still holding, while most of the chips remain in the hands of institutions. Currently, the trading volume is decreasing day by day, but prices continue to rise; retail investors are unwilling to buy at high levels, while institutions are consistently pushing prices up for profit. Sooner or later, there will be a significant crash.
First, let's predict BTC: the market will likely rise to 110,800-111,600, after which institutions will sell off en masse, bringing the price down to 104,500-105,600, followed by a range-bound consolidation. We will then pay attention to the direction of the chips.
ETH may not break through 2,735 for now, but it might attempt to test above 2,700 before moving downward. If it surges above 2,700, it is expected to return to the 2,400-2,520 range for continued consolidation.
