#美联储重启降息步伐 Yesterday's BTC and ETH movements were truly nerve-wracking, with wicks piercing everywhere.

Let’s talk about Bitcoin first. Overnight, it plunged to a low of 87,688, then quickly bounced back to 91,720, and is now oscillating above 90,000. Behind this intense volatility, shifts in Fed rate cut expectations have played a significant role, with bulls and bears fiercely battling at this level.

From a technical perspective, the daily MACD is still trending upward, indicating bullish momentum remains, but the EMA30 at 93,600 is acting as resistance, and the upper Bollinger Band at 94,500 is another hurdle. On the 4-hour chart, MACD contraction is almost over; if it can hold above 92,000, the DIF and DEA may form a golden cross—which would make the short-term outlook more optimistic.

The most crucial range right now is between 87,000 and 92,000. There's clear buying support around 87,500-88,000; every dip sees capital stepping in. Looking upward, 92,600 is a key dividing line—if it breaks through, there may be more action ahead.

As for Ethereum, the price action was even more dramatic. From around 2,910, it V-reversed all the way up to 3,160, rising over 8%—a classic deep V-shaped rebound. After a pullback, it's now consolidating sideways near 3,130.

On the technical chart, the daily MACD bullish strength is weakening, and there was a previous bull trap rally on the 4-hour chart. The 3,180-3,200 level above is a dense resistance zone, and keep an eye on 3,250 further up. On the downside, the psychological support at the round number 3,000 is significant, and the 2,900-2,950 area is the last line of defense for the bulls. Whether this area holds will basically determine if we continue to rebound or test new lows.

Overall, market volatility has intensified, with macro news having a clear impact. In the short term, it’s obvious that main funds are repeatedly shaking out weak hands. Ordinary investors should control their positions and avoid heavy buying or selling before key support and resistance levels are decisively broken.

Risk disclaimer: The above content is for market observation only and does not constitute investment advice. Cryptocurrency investment is extremely risky—please make independent judgments and bear risks at your own discretion.