Bitcoin and Ethereum rebounded in the early morning today. The initial jobless claims data indicate that the labor market remains severe, and there is a demand for interest rate cuts!\n\nAfter the hawkish interest rate cut by the Federal Reserve yesterday, the cryptocurrency market experienced panic selling. Yesterday, Bitcoin and Ethereum saw a continuous decline, erasing Tuesday's gains, and there was hardly any substantial rebound during the Asian and European sessions. This shows that the positive impact of the interest rate cut has temporarily faded and market sentiment is low. However, last night's initial jobless claims recorded the largest weekly increase since the pandemic, once again indicating that the employment situation remains severe. This has somewhat strengthened the demand for interest rate cuts. Additionally, the re-election of the Federal Reserve's regional chair last night alleviated some market concerns, and Bitcoin finally saw a rebound during the US trading session. After dropping to a low of 89200 last night, Bitcoin has now rebounded above 92000 this morning, while Ethereum has returned to around 3240 after pulling back near 3150.\n\nOn the technical front, after Bitcoin's price surged and then pulled back yesterday, indicators have been adjusted. The current rebound has repaired the four-hour MACD, which is beginning to decrease in volume, while the hourly RSI has entered the overbought territory. Today, the daytime session is expected to continue the rebound correction, but the flattening Bollinger Bands suggest that the short-term rebound strength may be limited. During the day, attention can be paid to the rebound and subsequent fluctuation.\n\nShort-term resistance for Bitcoin is at 93000 and 94000, while short-term support is at 91000 and 90000. For Ethereum, short-term resistance is at 3270 and 3350, with short-term support moving up to 3150 and 3100.\n\nSeveral senior officials from the Federal Reserve will speak tonight, so pay close attention!\n\nBTC Short-term\nSupport: 91000, 90000\nResistance: 93000, 94000\n\nETH Short-term\nSupport: 3150, 3100\nResistance: 3270, 3350\n\nNote: First focus on the strength of the rebound before observing the subsequent fluctuation.\n\n#比特币走势分析 #ETH走势分析