Early U.S. market hours still show a bearish tone.


At the moment the Federal Reserve rate decision is announced, the market experiences a surge in volume with a sharp spike,
bottoming out near 74,800 before rebounding and recovering.
Ethereum and Bitcoin move in sync, with the market once spiking down to around 2220 before stopping the decline and recovering,
currently back up to around 2250.
Old Bao and Trump are again doing the same as before; the Fed's decision leans hawkish,
their speeches are also quite good. Not sure what exactly they are up to, but continue to trade based on the pattern.

From the 4-hour chart, a clear medium-term weakening signal has appeared.
Previously, a prominent multiple top structure was formed in the 78,500-79,000 range,
with candlesticks repeatedly showing long upper shadows, indicating heavy selling pressure at high levels.
The previous solid bearish candle effectively broke below the neckline at 76,000 and the MA120 medium-term vital line,
constituting a key breakdown, turning the entire 74,000-79,000 zone into a high-level trapped area.
Currently, after breaking below the middle band of the Bollinger Bands, the candlesticks show no significant rebound,
a typical continuation of weakness pattern.
The key support below is in the 74,500-74,000 range, formed by a dense area of previous candles and the lower Bollinger Band.
If the price cannot find effective support in this zone and rebound to recover 76,000,
the 4-hour downtrend will be officially confirmed, opening up a larger downside space,
with a continued possibility of breaking below 73,000.

Bitcoin can be shorted in the 76,000-76,500 range, targeting around 74,000.
Ethereum can be shorted in the 2260-2280 range, targeting around 2200.
$ETH $BTC
ETH0.98%
BTC1.34%
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FinancialSunshine
· 04-30 02:17
167376489235362692673346828294656
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