The market will eventually wash out the impatient, and the steadfast holders will wait for their own opportunity. Remember, making money in the crypto world is not about quick gains, but about enduring through time. In the market, time is always the friend of the resolute. Today, the market continues its strong trend, with Bitcoin successfully breaking through the key resistance level of 89,000, currently trading around 89,700, maintaining a volatile upward momentum. Ethereum also performs strongly, breaking through the psychological barrier of 3,000 and currently operating near 3,030, with the technical structure remaining in a complete upward channel.



The rebound at the four-hour and daily chart levels has slowed temporarily, which is usually a consolidation pattern during an upward trend. The subsequent market is still expected to continue expanding upward. The upcoming Federal Reserve FOMC meeting decision, to be announced early morning, has become a key variable for the market. Any "hawkish" or "dovish" signals regarding the interest rate cut path will directly influence the short-term direction of crypto assets. Currently, the overall market is in a bottoming and recovery phase, with market sentiment turning cautious, awaiting clearer data. From the candlestick pattern, the market has rebounded quickly from the lows and formed a strong upward trend, with oscillation and consolidation around 3,000 and 89,000. The daily chart shows that after a sharp decline, there have been two consecutive days of significant rally, and now it is in a correction phase, possibly testing lower support levels further in the short term. Regarding technical indicators, the MACD histogram on the 4-hour cycle is gradually narrowing, and although DIF and DEA are still in negative territory, they are converging upward, indicating that the bearish momentum is weakening, and the bulls are attempting to regain control of the market.

Trading suggestions:

- Buy around 89,500 for BTC, target 92,000
- Buy around 2,980 for ETH, target 3,200
BTC2,19%
ETH2,12%
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