#ETH market analysis: The rebound is still weak, and the market narrative is waiting to be released!

It is Tuesday this week. Powell's testimony to the Senate Banking Committee at 22:00 tonight will be crucial. Regarding the interest rate cut, Powell will face pressure from senators. It depends on how Powell responds and what kind of testimony he provides, and whether the testimony will reverse the current downward trend. Let's take a quick look at the current market.

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BTC：
The intraday price trend completed the 1-hour Bollinger Band oscillation, and the short-term correction did not touch the 4-hour Bollinger Band upper line. The bullish sentiment was obviously weak, and the current rebound was more like a technical rebound.