BTC 72800 just hit the daily buy point, do you dare to take it?

$BTC daily sell point: $75471 daily buy point: $72802

$ETH daily sell point: $2365 daily buy point: $2280

$BNB daily sell point: $682 daily buy point: $659

Tonight's FOMC interest rate decision, the market is preemptively trading in fear. BTC has dropped from the Asian session 74200 all the way down to 72700, with 4 consecutive 4-hour bearish candles, the bearish rhythm is very smooth.

But interesting points come from the data level:

1. BTC funding rates have been negative for 3 consecutive periods (-0.012%/-0.065%/-0.048%), indicating that shorts are paying longs, showing that shorting has become very crowded.

2. 72800 is exactly the classic daily pivot point S1, where technical and funding aspects resonate at the same position.

3. The SEC and CFTC jointly issued a statement today, clarifying that "most crypto assets are not securities", which is the biggest positive signal from the regulatory perspective in recent years.

ETH has dropped even more (-2.87%), but the ETH funding rate is still positive, indicating that bulls have not surrendered. 2280 is the daily S1, break it and look at 2200.

Tonight's script: The FOMC is highly likely to maintain interest rates, the key is to see the wording of Powell's speech. If it's dovish, 72800 will be the bottom of this round of correction. If it's hawkish, there is another layer of support at 71500 below.

Short-term bearish but do not chase shorts. If there is a volume stabilization near 72800, it would actually be a good entry point. Break 71500 and we'll talk again.

$BTC #BTC $ETH #ETH