Wednesday "April 29"

The market is in a cautious wait-and-see period "on the eve of the Federal Reserve decision," with BTC and ETH both oscillating within high ranges, waiting for a breakout...
BTC
Bitcoin 🫓 is currently in a high-level consolidation phase, with slight pullbacks for two consecutive days, indicating weakening upward momentum. Both bulls and bears are at an impasse at the current level. In the short term, Bitcoin is likely to continue oscillating between 74,500 and 79,500, awaiting macro news catalysts.
ETH
Ethereum's trend is relatively weak, unable to effectively break through the resistance above, and the price has also fallen below the 2,300 mark, showing insufficient upward momentum. Market sentiment is hesitant. In the short term, it is likely to follow Bitcoin within the range, but may continue to underperform Bitcoin, with weak consolidation between 2,250 and 2,380.
Core logic: Before the FOMC decision, market liquidity is likely to dry up, maintaining narrow fluctuations; if dovish signals are released after the decision, testing previous highs is possible; otherwise, a pullback to support levels may occur. Before the news is confirmed, hold a light position and observe. During large fluctuations, avoid chasing highs or selling lows. Given the high uncertainty of overnight news, it is recommended to strictly control positions, focusing on "long positions at support levels" and "short positions at resistance during rebounds."
Trading ideas
Bitcoin 🫓 77,300-77,800 main position, target 76,300, if broken downward, watch 75,500
Ethereum 2,330-2,360 main position, target 2,300, if broken downward, watch 2,250
$BTC $ETH ‌ ‌ ‌