Since the announcement of the midnight Federal Reserve interest rates and Powell's speech, cryptocurrency prices have continued to pull back, breaking below the 100,000 mark. The market is still digesting this wave of negative data, and the price comparison continues to decline. The current market has fallen below the support level of 99,000, showing a bearish trend. Meanwhile, Ethereum has consistently dropped ahead of Bitcoin, with prices falling below 3,550. The morning market is not yet clear; the price comparison keeps testing the resistance at the 100,000 mark. Our actual trading has mainly been on the sidelines without entering the market. In an unclear market that continuously tests bottom support, the focus should still be on observation.

Looking at the current trend, it leans towards a weak pullback. The daily chart shows a large bearish candle (K) retracing, wiping out all the gains from Friday evening until now. The market continues to extend the bearish K pullback, operating around the middle track, with bearish momentum continuing. The four-hour chart shows four consecutive large bearish candles (K) in a pullback, opening up the Bollinger Bands. The upper shadow line at the end of the trading session has broken below the lower track, and there has not been much rebound to recover. In the short term, bearish performance remains strong, but the data support from deep pullbacks has not allowed the market to materially break through the 99,000 line, and the bull market will not end here. We maintain a low-buy strategy. Given the current weak performance of the market, we will enter with a light position.

Bitcoin can be bought between 98,000-98,500, with a target around 102,000. Ethereum can be bought between 3,530-3,550, with a target around 3,700. #加密市场回调 $BTC $ETH