Since early morning, the market has maintained narrow fluctuations ahead of the Federal Reserve interest rate decision and U.S. regulatory agency meetings. Bitcoin has fluctuated between 88,786 and 90,444, attempting to test the 90,000 level; Ethereum has been consolidating between 2,980 and 3,045, currently stabilizing above 3,000. The market is mainly driven by two macro events: first, the Federal Reserve keeping interest rates at 3.50%-3.75%, in line with expectations; second, the SEC and CFTC holding a regulatory coordination meeting, which the market interprets as a positive signal for the medium to long term. After these two events, market sentiment has slightly stabilized, and prices have risen modestly.

From a technical perspective, Bitcoin remains constrained by key moving averages, with the 88,000-88,500 support zone being critical. If this support is broken, the price could test 86,200; strong resistance is at 90,900. Ethereum's estimated leverage ratio has hit a new all-time high, making the market extremely fragile. The 3,000 level is a dividing line between bulls and bears, with strong resistance at 3,300-3,500. In terms of trading strategy, a cautious and slightly bearish approach is recommended. Conservative traders might consider shorting when Bitcoin rebounds to around 90,500 and Ethereum encounters resistance at 3,050, setting strict stop-losses. It is not advisable to chase longs until the price effectively breaks above the aforementioned resistance levels. #内容挖矿焕新公测开启 $BTC