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Bearish news hitting the market is actually bullish; pullbacks are buying opportunities. The Federal Reserve maintained interest rates as expected, in line with market expectations. After the announcement, the market experienced a quick dip, with Bitcoin touching support near 64,700. Ethereum also retraced to around 1,745. However, after an early afternoon decline to digest the move and with strong support below, the decline did not further deepen, and the previous low was not even broken before quickly recovering. The overall large-scale bullish trend structure remains intact.
This round of pullback has already provided a low-entry opportunity for long positions, and so far, the market has cautiously entered multiple positions.
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