#美联储降息 【Technical Overview】Bitcoin Weekly Chart Update: Trading around the 5-day moving average, with a clear bullish and bearish arrangement. MACD at the bottom shows bearish divergence, and KDJ is tightening, accelerating the rhythm of upward push and downward washout. The TD indicator has reached TD7, with a key resistance at 94,500—if this level cannot hold, the bears will still take the lead.

How does the daily chart look? The price is oscillating within a narrow Bollinger Bands range, MACD is shrinking, and KDJ is below. Short-term resistance is at 90,500; if a rebound cannot break and hold, it will likely continue downward.

On the 4-hour chart, Bitcoin is trading below the 30-day moving average, with Bollinger Bands trending mostly sideways and downward. Although there is some short-term rebound sentiment, resistance in the 90,500-92,000 zone is strong. If a bounce cannot stabilize effectively, a sideways decline remains the primary expectation—as the overall trend favors the bears. Support at the bottom is around 87,600-84,000. If the first support is broken with increased volume, look toward 84,000. Trading strategy from now until evening: consider shorting at highs around rebounds, and going long at lows for positioning.

**Bitcoin Strategy:** Short in the 90,200-90,800 range → target 88,500-87,500 → stop loss at 91,200; consider long positions near support levels.

**What about Ethereum?** In the short term, it generally follows $BTC, with resistance at 3150-3180, which is currently the strong upper pressure zone. If it cannot hold, it will likely oscillate and decline. Support levels are at 3020-2980. The operational idea is consistent: short on rebounds at high levels, go long at support levels.

**Ethereum Strategy:** Short in the 3140-3170 range → target 3080-3030 → stop loss at 3190; consider long positions near support levels.

Under the backdrop of Federal Reserve rate cuts, market expectations on macro conditions remain divided, and short-term technical pressure still exists. The subsequent market trend will continue to be updated.