The Federal Reserve continues to maintain interest rates unchanged, in line with market expectations. Currently, the most pressing issue remains the war between Iran and Israel, with daily threats of nuclear weapon use, the authenticity of which is uncertain. Every time there is a conflict, it is the wallets that suffer; it's quite distressing for many involved.
For now, there are no significant positive developments or black swans to consider. In the short term, $BTC is still expected to fluctuate widely between $100,000 and $110,000. If the conflict between Iran and Israel continues to escalate, I personally believe that the extreme retracement position for $BTC could reach $98,000, so be cautious.
The probability of a downward fluctuation is high, mainly because BTC has risen for seven consecutive weeks. Coupled with the ongoing war, the current retracement is insufficient. The $100,000 range is viewed as strong support and a stop-loss point by many bulls, and the final low of the retracement will likely fall below this level.
On the short term, the key pressure level today is $105,500, but $106,100 is also an important resistance level. It would be best to break through $106,100 for the market to strengthen. Ethereum is currently in a consolidation range, so the focus should be on buying at lower levels. A pullback to $2,480 for buying, with targets at $2,631 and $2,731. For the range of $2,731 to $2,774, consider shorting with targets at $2,555 and $2,631, and defend at $2,828. $CA
