9.16 BTC
The fact that the clear bill did not pass is basically an expected outcome.
A few days ago, the market had already priced in part of the expectations in advance.
When it actually came to fruition, there weren’t many additional negative surprises.
More than anything, it’s short-term emotional noise.
Next, the market’s core focus is tonight’s early-morning Fed policy decision.
A 25-basis-point rate hike has essentially been fully priced in by the market.
The real key variable is what Powell’s remarks sound like after the announcement: will they continue the hawkish tone, or will they send signals of a pause/slowdown in hikes?
That is what will determine the direction of the market in the near term.
From the chart perspective, BTC has so far held the prior low support around 75,000.
Ethereum has also not effectively broken below the key level at 2,350.
In the short term, it’s in a weak consolidation and bottoming phase after a major drop.
There has been no breakdown with accelerated selling,
and there hasn’t been enough volume to support a sustained rebound.
In essence, the market is waiting for the news to land to choose a direction.
The two core reasons suppressing the market have not changed:
① Geopolitical conflict keeps oil prices elevated; inflation persistence is higher than expected, and the Fed’s rate-cut cycle is being pushed back.
② Before the rate hike is actually implemented, large funds are inclined to stay on the sidelines; trading volume in the market is sluggish, rebounds lack staying power, and once price pops up a bit, selling pressure quickly appears.
Just wait for the “shoe to drop” early this evening, and only follow once the chart shows a clear trend.
In front of major headlines, it’s always safer to be steady.
$BTC $ETH #比特币下跌4%
The fact that the clear bill did not pass is basically an expected outcome.
A few days ago, the market had already priced in part of the expectations in advance.
When it actually came to fruition, there weren’t many additional negative surprises.
More than anything, it’s short-term emotional noise.
Next, the market’s core focus is tonight’s early-morning Fed policy decision.
A 25-basis-point rate hike has essentially been fully priced in by the market.
The real key variable is what Powell’s remarks sound like after the announcement: will they continue the hawkish tone, or will they send signals of a pause/slowdown in hikes?
That is what will determine the direction of the market in the near term.
From the chart perspective, BTC has so far held the prior low support around 75,000.
Ethereum has also not effectively broken below the key level at 2,350.
In the short term, it’s in a weak consolidation and bottoming phase after a major drop.
There has been no breakdown with accelerated selling,
and there hasn’t been enough volume to support a sustained rebound.
In essence, the market is waiting for the news to land to choose a direction.
The two core reasons suppressing the market have not changed:
① Geopolitical conflict keeps oil prices elevated; inflation persistence is higher than expected, and the Fed’s rate-cut cycle is being pushed back.
② Before the rate hike is actually implemented, large funds are inclined to stay on the sidelines; trading volume in the market is sluggish, rebounds lack staying power, and once price pops up a bit, selling pressure quickly appears.
Just wait for the “shoe to drop” early this evening, and only follow once the chart shows a clear trend.
In front of major headlines, it’s always safer to be steady.
$BTC $ETH #比特币下跌4%
