Crypto Talk with Xingge | Watch speech releases cautious signals—can ETH’s strength continue?

Key points first:

BTC:

Pressure: 65,000-65,200
Support: 64,000-64,200, strong support 63,300-63,600

ETH:

Pressure: 1,940-1,960
Support: 1,900-1,920, strong support 1,880

SOL:

Pressure: 78.5-80
Support: 76-77, strong support 74.8-75.2

Tonight, Watch’s speech is on the cautious side. It may suppress market sentiment in the short term, but there’s currently no change to the uptrend structure.

The Federal Reserve Chair Watch’s speech tonight: the market focus isn’t on a single “hawkish” or “dovish” line, but on reassessing the pace of future rate cuts.

Watch said:

He is not satisfied with the current inflation indicators.

At the same time, he emphasized:

One month’s data can’t fully represent the underlying inflation trend.

This means the market shouldn’t front-run rate cuts too aggressively.

So in the short term:

The US dollar may get support;
The upside speed of risk assets may slow down.

But note:

This is not a trend reversal signal.

Because the PPI upgrade has already boosted risk appetite in the market, and there’s no clear sign of funds pulling out.

BTC:

BTC is currently entering a high-range consolidation phase.

65,000-65,200 is the key short-term resistance.

If it breaks through and holds:

Next target is 65,500-66,000.

But if the test of resistance fails:

In the short term, it’s likely to dip back toward around 64,000.

64,000-64,200 is the first area for bids/absorption.

If it breaks down:

Watch 63,300-63,600.

ETH:

ETH is the strongest direction in the market right now.

The recent consecutive rises mainly have three reasons:

First, after BTC rose, it entered consolidation, and capital began looking for “catch-up” plays.

Second, expectations for ETH ETF inflows have strengthened, and institutional attention has increased.

Third, market risk appetite improved, and high-beta assets have started attracting capital.

But after the short-term push higher:

1,940-1,960 has become the pressure zone.

Break above 1,960:

Watch the 2,000 whole-number level.

For a pullback:

1,900-1,920 is the key area for absorption.

If it breaks below 1,880:

The strong short-term structure would be damaged.

SOL:

SOL is a risk-sentiment amplifier for the market.

When the行情 is good, it rises fast; when capital is cautious, pullbacks can be more pronounced.

Currently:

78.5-80 is the resistance zone.

If it breaks above 80:

There’s a chance to test around 82.

Downside:

76-77 is short-term support.

If it breaks down:

Watch 74.8-75.2.

Xingge’s take:

Tonight Watch’s speech reminds the market:

The rate-cut trade won’t go smoothly; the Fed is still focused on inflation.

But for now, the market’s core logic hasn’t changed:

BTC looks at liquidity, ETH looks at capital rotation, SOL looks at risk appetite.

In the short term, don’t chase the first wave up—focus on whether there’s capital absorption on pullbacks.

A truly good trade isn’t about guessing the direction correctly every time; it’s about executing the plan with courage at key levels. $ETH #沃什重申坚守2%通胀目标