After the midnight announcement of the Federal Reserve's interest rate and Powell's speech, the cryptocurrency price has continued to pull back, falling below the 100,000 mark. The market is still digesting this wave of negative data, and the price comparison continues to decline. Currently, the market has dropped below the support level of 99,000, showing a bearish trend. Meanwhile, the major cryptocurrency has also consistently dipped ahead, with the price falling below 3,550 at its lowest. The morning market remains unclear, with the price comparison continuously testing the resistance at the 100,000 mark. Our actual trading has primarily remained on the sidelines and has not entered the market. With the market being uncertain and continuously testing the bottom support, it is still mainly a wait-and-see approach.

From the current trend, it is showing a tendency for a weak pullback, with the daily candlestick forming a large bearish candle that has retraced all the gains made from Friday night to now. The market continues to exhibit bearish candlesticks and operates around the middle track, with a continuation of bearish sentiment. The four-hour chart shows four consecutive large bearish candles indicating a pullback, which has opened up the Bollinger Bands. In the final trading period, the upper shadow has fallen below the lower band, and the market has not seen much rebound recovery. In the short term, the bearish performance remains strong, but the deep pullback supported by data has not allowed the market to substantially break through the 99,000 line, and the bull market will not end here. We still maintain a low bullish approach, given that the current market performance leans towards weakness, with a light position.

The major cryptocurrency can be bought in the range of 98,000-98,500, targeting around 102,000. The other cryptocurrency can be bought in the range of 3,530-3,550, targeting around 3,700. #加密市场回调 $BTC $ETH