From the current market observation, the price of Bitcoin is still oscillating around the 117000 mark, and the high-level consolidation trend is very obvious. The key resistance level at 117800 has not been effectively broken through, and the pressure from the upper Bollinger Bands continues to manifest. Multiple short-term attempts to surge have all stopped and retreated; the recent 4-hour K-line has continuously shown a pattern of rising and falling, with long upper shadows appearing frequently, indicating that the bearish selling pressure in the market is building up.

In terms of indicators, the RSI has been hovering around the value of 60 for a long time, failing to break into the strong area, intuitively reflecting the lack of bullish momentum and weakening upward force; although the MACD remains above the zero line, the red energy bars are continuously narrowing, and the indicator line has shown signs of turning downward. Once a death cross occurs subsequently, the downward speed of the market may significantly accelerate.

Overall, Bitcoin is currently in a state of weak upward movement at a high level, with bullish momentum continuously diminishing, and bearish forces may concentrate and explode at any time. If the evening market fails to break through the current resistance range, a pullback trend is likely to start. #美联储重启降息步伐

In the evening, Bitcoin is short around 117400-117800, looking down to 116000.

Ethereum is short around 4590-4605, looking down to 4540.