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In the current market environment, the Federal Reserve may face greater easing pressure by early 2026. Although official forecasts are relatively conservative, considering the soft labor market and inflation uncertainties, the easing cycle could be more aggressive than expected. This dovish outlook is driving liquidity in the crypto markets.
Yesterday's market movements showed an interesting divergence: ETH performed strongly, temporarily breaking through the 3100 level and reaching a high of 3149, while BTC faced resistance around 91000. This divergence reflects different market attitudes toward risk assets.
From a technical perspective, BTC's daily chart shows a large bullish candlestick, but the rebound was blocked at the 60-day moving average, with a long upper shadow indicating limited bullish momentum. ETH was more aggressive, breaking through the 60-day moving average and demonstrating some strength. However, this does not mean chasing the rally is safe; a more prudent approach is to adopt a waiting strategy.
Trading suggestions can be divided into two approaches for BTC: conservative traders can buy short positions on dips within the 91000-91500 range, while aggressive traders can enter at current prices between 90000-90500, with a stop-loss around 92500. Initial targets are around 89000-88000; if broken, look further down to 87500-87000. If the price continues to break down, adjust stops promptly to lock in profits.
For ETH, consider short positions within the 3130-3160 range. Conservative traders should wait for entries between 3160-3190, with a stop around 3230. Initial targets are around 3050-3000; if broken, continue to watch support levels at 2950, 2920, and 2900. Follow the principle of adjusting stops upon breakdown for flexibility.
Currently, it’s advisable to wait for a pullback to confirm support before taking action, avoiding rushing into chasing the rally.