The Federal Reserve interest rate decision is imminent, and the BTC, ETH trading range is definitely critical!

The short-term situation is basically explosive, with negotiations on Friday and the Fed data release on Thursday. First, let's talk about the Fed interest rate decision.

The only highlight this time might be Wosh's debut. If Powell continues to preside over this meeting, I think there’s nothing worth watching; rate hikes are unlikely, let alone rate cuts. It’s just a transitional meeting. How he speaks to prevent the market from over-interpreting and causing unnecessary market turbulence is the major mission of this meeting.

However, Bitcoin has been fluctuating slightly within a range since opening early in the week. In this situation, large jumps or drops generally won’t happen. The market lacks clear positive or negative catalysts—high probability of sideways consolidation. We can only look for breakout opportunities after the meeting. So, there will definitely be lightning-fast short-term volatility early on, but the overall trend of rise or fall won’t change.

From the current structure, although the daily chart has been continuously repairing for four days, the trend is not fully complete. The daily cycle still retains the possibility of pushing upward toward the resistance zone. Support levels on the cycle are moving higher, and there’s no volume to form an effective bearish momentum pullback. On smaller timeframes, it’s just a slight pullback after probing support. This kind of intra-day signal is completely normal. Until a clear and effective support is broken, the range-bound tug-of-war will likely continue, rather than a strong one-sided move.

Intra-day, Bitcoin is mainly long around the 65,000 area, targeting 66,300-67,000, with resistance at 67,300, and a break above that to look at 67,500-68,000.

ETH is mainly long around 1,755-1,760, targeting 1,800-1,850, with continued volume extension toward 1,900-1,930. If there’s a change during the session, retreat promptly…#Gate现货交易量增幅全球第一 $BTC