1.29

The overnight interest rate decision was the same as yesterday's forecast, maintaining 2% inflation without wavering. Future rate adjustments will be determined by data, with no specific expectations. However, Powell briefly commented on the successor to the Federal Reserve Chair, advising not to involve elections and politics to maintain the Fed's independence.

BTC
Bitcoin reached 90500 as expected yesterday, then retraced. Currently, the market remains stable with no significant volatility, maintaining a sideways trend. Yesterday, everyone was advised to watch whether the four-hour fast and slow lines could break above zero. After today's close, we will see that the fast line still hovers around the zero axis, and the slow line has not yet crossed. The same idea applies: the 88300 level must not be broken, and for the trend to continue, it needs to stay above the zero line. In summary, if the 88300 level is not broken today, there will be a rebound, with support at 88300-86800 and resistance at 89500-90600.

ETH
Ethereum is relatively weaker, and the current position is similar to Bitcoin's movement. The key level to watch now is the four-hour level at 2950; only if this level is not broken can the trend continue. Additionally, intra-day, attention should be paid to hourly retracements, with support at 2950-2900 and resistance at 3030-3066.