1.28
January 29 (Thursday) 3:00, the Federal Reserve FOMC will announce the interest rate decision; afterwards at 3:30, Powell will hold a monetary policy press conference. It is highly likely that Powell will maintain the status quo at 2%, looking at the data, and does not expect any changes. Moreover, it has almost been confirmed that there will not be any changes to the interest rate in January.
BTC
The idea shared yesterday was that breaking 88500 would lead to an upward continuation; currently, the market remains primarily fluctuating without a clear direction. Therefore, this position can still only be viewed as a rebound, not a reversal. What to pay attention to next is whether the four-hour level can continue and stand above the zero axis to drive the four-hour rebound. At the same time, attention should be on the one-hour level at this position, where it cannot break below 88600 to move a bit higher. Overall, as long as it doesn't break 88600 during the day, it will still fluctuate upward a bit. Additionally, focus on tonight's interest rate decision, support at 88500-87500, resistance at 89500-90500.
ETH
Ethereum is moving similarly to Bitcoin, also continuing to fluctuate around this position, with oscillations around 3000. Therefore, in the short term, the range to pay attention to is between 2900 and 3060. During the day, also pay attention to the one-hour level's pullback, which cannot break below 2955, support at 2955-2900, resistance at 3055-3125.
