On September 17th, the interest rate decision will come at midnight. In the evening, Bitcoin and Ethereum should prepare for risk management.

The calm before the storm, Bitcoin and Ethereum have basically been sideways for a day. Our daytime reminder of raising positions was also executed in advance above 4530 during the afternoon live broadcast. The market has fluctuated back and forth multiple times, with Bitcoin and Ethereum reaching a low of 116100 and around 4480. Bitcoin and Ethereum can also gain a thousand points and around forty to fifty points, but the overall space is not large. However, before the data, it's essential to control risks and manage positions in a timely manner. Currently, the market's continuation of long and short positions is not strong, so it’s best to find the right entry point.
On the daily chart for Bitcoin, after breaking through the resistance level of 116000, a bullish engulfing pattern has formed along with a golden cross of the moving averages, but the MACD's red bars are shortening and the RSI is close to the 70 overbought zone, indicating a weakening of upward momentum. On the 4-hour chart, the Bollinger Bands are opening upwards, the price has broken through the upper band, the MACD has formed a golden cross and momentum is increasing, suggesting a continuation of the upward trend in the short term, with the upper resistance to watch at the 118000 level. On the daily chart for Ether, there have been consecutive bearish candles, the moving averages are in a bearish arrangement, the MACD green bars are expanding, indicating a bearish dominance, but the RSI has fallen to the 40 oversold zone, suggesting a rebound demand. On the 4-hour chart, it has been oscillating within a range, the Bollinger Bands are opening downwards, the MACD has formed a golden cross but the momentum is insufficient.
Evening trading suggestion: Short Bitcoin around 116800 to 117300, target near 115000; Short Ether around 4530 to 4560, target near 4420.
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