tonight's Federal Reserve deliberation becomes the key to the current situation, whether old Powell's last dance will be how to perform, can Bitcoin and Ethereum still surge higher?

From the current market expectations, the Federal Reserve is most likely to keep the benchmark interest rate between 3.50% and 3.75% unchanged, which is also their third consecutive meeting to hold steady. It’s evident that, on the policy level, they are quite cautious about balancing inflation and economic growth, with risk aversion demands supporting one side, while high interest rates suppress the other. If the Fed tonight signals a hawkish stance and the dollar index strengthens, the entire market will still have some movement.

Considering the short-term Fed trend, the whole market has long agreed on one point: maintaining interest rates unchanged. Currently, the Fed is unlikely to open the rate hike card again; the macro outlook remains quite dovish, which is probably the main focus of market attention. However, the crypto side is definitely waiting for either a good or bad outcome. For the current market, this isn’t very important, as the rise and fall within the market are not necessarily influenced by tonight’s move; the core still depends on the future trend’s direction change!

Back to Bitcoin’s intraday situation, the current market only shows an increase in turnover rate, but overall trading volume has not expanded, and there is no new capital entering the market. Essentially, it’s the short-term chips that previously bottomed out amid the cooling of the US-Iran situation, now being gradually cashed out and exiting.

There are no new positive catalysts supporting the market right now. US stocks are weakening in tandem, and cryptocurrencies are also retracing accordingly, which is quite reasonable. Currently, Bitcoin has not been able to move independently. Ethereum’s recent rise was indeed weak, but the decline didn’t show real weakness. Whether the market goes up or down later, patience is needed to see the core trend!

The follow-up depends on the Fed’s stance and direction.

If a dovish tilt is signaled, the market still has rebound momentum, aiming at the 79,000–79,500 resistance level.

If the wording is hawkish and firm, expect a quick drop to test the 76,000–76,500 support.

If the overall stance is neutral or ambiguous, the market will remain within the narrow range of 77,000–78,500, continuing to oscillate. The trend change after the Fed’s decision is also very critical; follow the intraday signals and act accordingly!#Strategy吸筹速度超挖矿两倍 $BTC $ETH