Affected by the interest rate decision and speech in the early morning, BTC and ETH prices have experienced a deep correction. In the smaller timeframe, we have seen a bearish breakout of the ABC structure. So, at this stage, is the correction a structural shift to bearish, or is it just a correction of the bullish structure? We will wait and see!
Bitcoin Market Analysis:
After reaching a high yesterday, Bitcoin started to undergo a slight correction. In the early morning, the Federal Reserve's interest rate decision and speech stimulated market sentiment, leading to further price correction, with a minimum test around 98,800. During the morning session, a repair was initiated, but based on the current repair strength, it is relatively weak. Throughout the trading day, focus on testing the key upper range!
Ethereum Market Analysis:
Similarly, after reaching a high yesterday, Ethereum experienced a weak correction. Under the stimulus of early morning data, the decline further expanded, with a minimum test of the key price range between 3,500-3,510. Currently, the market is rebounding and testing the range of 3,690-3,700. During each session, pay close attention to the re-testing of the key lower range! The effectiveness of the support level in the key range is an important reference for whether the structure will shift! #币安Alpha项目公布 #美联储放鹰 #加密市场回调 #市场调整後的机会? #USUAL现货上线币安 $BTC $ETH