$BTC $ETH

BTC and ETH have been fluctuating narrowly for 7 days. The direction selection is coming soon, and it is likely to be a downward pin!

The daily line shows that BTC and ETH are trading sideways below the middle rail, and the decline has not ended. The third wave of decline is still short of a new low, which is expected to appear in the next two days.

BTC may fall below the previous low of 102600, or even test 100300, to clear long positions; ETH may break below 2433 and stabilize near 2380, completing the daily 3-wave structure, followed by an ABC rebound.

From a fundamental perspective, the Fed's decision is in line with expectations, and the probability of a rate cut in September has risen to 71%. The expectation of two rate cuts before the end of the year remains unchanged. The situation in the Middle East will have limited impact unless the United States personally intervenes.

The major negative has been digested, and the market may "dig a hole and jump up", but pay attention to the risk of pin insertion first!

Short-term is still mainly volatile, with BTC resistance above 105800 and ETH resistance at 2570. Operate cautiously and pay attention to low support!