Early morning U.S. market hours still show a bearish tone. At the moment the Federal Reserve's interest rate decision is announced, the market experiences a surge in volume with a sharp spike, dropping to around 74,800 before rebounding and recovering. Ethereum and Bitcoin move in sync; the market once spiked down to around 2220 to halt the decline and then recovered, currently back up to around 2250. Old Bao and Trump are up to the same old tricks as before; the Fed's decision leans hawkish, and their comments are also quite positive. Not sure what they’re really up to, but just continue to operate based on the current patterns.

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-bodied medium 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, which is a typical continuation of weakness. The core support below is in the 74,500-74,000 range, formed by a dense area of previous candlesticks and the lower band of the Bollinger Bands; if the price cannot find effective support and rebound to recover 76,000 in this zone, the 4-hour downtrend will be officially confirmed, opening up a larger downside space, with a continued likelihood 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