The Federal Reserve announced that it will maintain the federal funds rate target range at 4.25%-4.50%, marking the third consecutive time it has held steady, which aligns with market expectations. However, there is an anticipated increase in June and July. In light of the dual objectives of inflation and employment, and facing inflationary pressures from tariffs and economic uncertainty, a wait-and-see approach is being adopted, with no interest rate cuts expected in the short term. Policy decisions will be data-driven.
Bitcoin has broken through the ascending channel on the 4-hour chart, reaching 99863, just below 100,000. Ethereum has seen a rebound after a period of consolidation, with a daily increase of 8.8%, which is in line with our previous predictions. The Beautiful Valley continues to rebound upwards, similarly pointing towards a height of 0.886.
Bitcoin
The 4-hour daily chart shows a breakthrough in the ascending channel, reaching just below 100,000 with a spike at 99863. The Fibonacci level has strongly broken through 0.618. After a price pullback to 95700 during the FOMC meeting, it rebounded. As mentioned yesterday, if the second rebound truly breaks and stabilizes above 0.618, there is a chance to challenge 100000, which is close today.
The daily MACD continues to cross above the zero line, indicating a very strong signal. The fast and slow lines crossing upwards do not rule out the possibility of reaching 0.886, which is between 103000 and 106000.
Support: 93327—95700
Resistance: 102000—103333—106000
Ethereum
Ethereum has been in a sideways trend for two weeks, leaving most people feeling numb. During this time, we have been watching for Ethereum's rebound. Yesterday, we mentioned a rebound target of 2100—2300. The longer the narrow range consolidation lasts, the greater the accumulation of strength. The strategy for Ethereum remains to buy low around 1730—1750, with a morning low of 1786 followed by a rebound.
The ETH/BTC exchange rate rebound has just begun. Since the previous rotation we discussed is still valid, we will focus on the oversold altcoin rebounds in the future.
Support: 1787—1873
Resistance: 2100—2300—2500
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This article is time-sensitive and for reference only; it will be updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Prince Fusu
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