Random copied spam post, those who understand will understand. Bitcoin and Ethereum market analysis
Bitcoin sharply dropped breaking the price channel, once again approaching the key demand zone at $62,500. The bullish volume has basically been exhausted, and the top structure is initially taking shape. The Federal Reserve interest rate decision early the day after tomorrow is the main event; the pullback may have already priced in some expectations, so no need to over-interpret. There is still a short-term long opportunity below $63,000, but resistance above has shifted down from $66,500 to $65,500, and the subsequent pattern may evolve into gradually lower highs and lows.
Both Ethereum and Bitcoin are in a contradictory pattern of "macro suppression and capital support." On the eve of the FOMC decision, the probability of a rate hike has risen to 26.8%-36.3%, combined with renewed geopolitical threats from Trump, doubly suppressing risk appetite. Before the suspense is resolved, the bulls lack momentum, and the market is unlikely to have an effective breakout. $ETH #BerkshireSharesHit8MonthHigh
Bitcoin sharply dropped breaking the price channel, once again approaching the key demand zone at $62,500. The bullish volume has basically been exhausted, and the top structure is initially taking shape. The Federal Reserve interest rate decision early the day after tomorrow is the main event; the pullback may have already priced in some expectations, so no need to over-interpret. There is still a short-term long opportunity below $63,000, but resistance above has shifted down from $66,500 to $65,500, and the subsequent pattern may evolve into gradually lower highs and lows.
Both Ethereum and Bitcoin are in a contradictory pattern of "macro suppression and capital support." On the eve of the FOMC decision, the probability of a rate hike has risen to 26.8%-36.3%, combined with renewed geopolitical threats from Trump, doubly suppressing risk appetite. Before the suspense is resolved, the bulls lack momentum, and the market is unlikely to have an effective breakout. $ETH #BerkshireSharesHit8MonthHigh