Federal Reserve officials collectively send positive signals, causing the market to explode instantly. Last night, Milan clearly stated that a 150 basis point cut is expected this year, and Kashkari also added that a rate cut in the second half of the year is on the horizon. Once this dovish(dovish) policy expectation was released, the crypto market immediately responded, with major cryptocurrencies rising across the board.
From a technical perspective, Bitcoin is really on fire now. It has strongly broken out of the previous consolidation range, with the daily moving averages forming a bullish alignment, making the trend very clear. However, despite the excitement, there are some complications in the details— the four-hour RSI indicator has entered the overbought zone, and the hourly chart is undergoing technical correction, indicating that short-term pullback pressure is building up. There is also a more realistic concern: the price is approaching the strong resistance zone of 98,000 to 100,000, which is a natural profit-taking point for institutions. When that time comes, the selling pressure will not be small.
You should remember these key levels: Bitcoin is stuck around the 98,000 mark above, with support retreating to the 94,700-95,500 range below; for Ethereum, the two resistance levels are 3400 and the previous high of 3450, while if it falls below the support zone of 3280-3250, caution is needed. Only if it holds can there be a chance for a rebound.
Overall, the situation is like this— the Fed’s rate cut expectations are supporting the upward trend, and the overall bullish trend is intact. But the technical correction is already urgent, and in the short term, the market is likely to oscillate and consolidate at high levels. Don’t be blinded by the gains.
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CompoundPersonality
· 3h ago
Dovish moves always cause chaos in the crypto world, this rhythm is really incredible
Wait, can the 98,000 level really be broken? It feels like institutions are starting to unload here
Short-term consolidation, don't chase highs brothers, let's talk after it drops
RSI is already overbought but it's still pushing, it needs a correction, be careful of being trapped
The psychological level of 100,000, retail investors breaking through the institutions' defenses is unlikely
The rate cut expectations are indeed strong, but when the rebound happens, think about when to escape, don't be greedy
Ethereum's 3400 is a threshold, breaking it would be dangerous, is the support still reliable?
Good news is good news, but at high levels, you have to watch out for sell-offs. I need to reduce my holdings in batches.
View OriginalReply0
AlwaysQuestioning
· 8h ago
I'm not afraid of institutions dumping, I'm just worried the Fed will change its stance again
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Dovish is dovish, but the 98,000 level is really risky
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The rally supported by rate cut expectations deflates as soon as it's poked
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RSI overbought is so obvious, yet some still dare to chase? I wouldn't
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The 100,000 threshold is a natural profit-taking point, those who understand, understand
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Short-term consolidation, don't be greedy
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If 94,700-95,500 can't hold, that's really dangerous
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A single statement from the Federal Reserve can reverse the market trend, this is the reality
View OriginalReply0
LightningAllInHero
· 8h ago
Once again at 98,000, institutions have been lining up to dump their holdings for a while.
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When the dovish stance comes, the coin rises. Can this wave reach 100,000... it's a bit uncertain.
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RSI is already overbought, yet they keep hyping it. Be careful of getting trapped at the top.
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Holding the support between 94,700 and 95,500 means winning; don't be too greedy.
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Is this just a rate cut expectation? The crypto market always speculates on expectations, and it crashes when expectations are realized.
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This recent surge feels like a trap to lure buyers in. Can 100,000 really be broken?
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Technical correction pressure is building up; in simple terms, it needs a shakeout.
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Institutions take the top and then run; retail investors are still chasing the high. It's hilarious.
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If Ethereum drops below 3,280, it's really dangerous; that's the bottom line.
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The Fed just hints at a dovish stance, and everything rises. Is the market this cheap?
View OriginalReply0
MondayYoloFridayCry
· 8h ago
This dovish news is indeed intense, but the 98,000 level is really too tricky to handle.
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Institutions have been waiting there to harvest, don't be fooled by the daily bullish arrangement.
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RSI is overbought and still rising, this is not a good sign.
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Expectations of interest rate cuts are positive news, but it also depends on whether the technicals give us face.
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If the 94,700-95,500 defense line can't be held, it's game over. It feels like a sell-off is coming.
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To put it simply, it's a high-level game; we've seen this kind of drama many times this year.
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It's difficult for Ethereum to hold 3,250; a rebound? Think again.
View OriginalReply0
DataPickledFish
· 8h ago
Dovish stance and the market just soars, this wave is indeed a bit crazy
98000 feels like a risky level, institutions have been waiting to dump
RSI is already overbought, dare to chase? Be careful of a technical correction and a sharp decline
How long the rate cut expectations can support the market is still a question mark
As long as Ethereum holds above 3250, there is still hope; if it breaks, you have to admit defeat
This high-level consolidation feels like waiting, I think it's better to wait and get in more safely
I'm a bit nervous about rushing in now; wait for a pullback and then decide
How far this smoke screen from the Federal Reserve can go, honestly, is hard to say
View OriginalReply0
OnchainFortuneTeller
· 8h ago
The Federal Reserve is cutting again, and this dovish signal is really impressive. Continuing to push upward in the short term is unlikely.
Wait, at the 98,000 level, institutions are really going to dump. I'm already prepared to be trapped.
Ethereum must not break below 3280-3250; if it does, it's game over.
Currently in a high-level consolidation phase, don't be greedy. Take profits when the time is right, everyone.
RSI is already overbought, yet people still dare to chase. This mindset needs to change.
The rate cut expectations won't last long. Those who need to take profits should do so quickly.
The 100,000 integer level is the favorite profit-taking point for institutions. Be aware of this.
The hourly chart is in recovery? Then wait, don't rush to catch the falling knife.
Hold the 94,700-95,500 zone; otherwise, there might be a second bottom test.
View OriginalReply0
OldLeekMaster
· 8h ago
Here they come again to cut our old chives, can 98,000 really hold?
Federal Reserve officials collectively send positive signals, causing the market to explode instantly. Last night, Milan clearly stated that a 150 basis point cut is expected this year, and Kashkari also added that a rate cut in the second half of the year is on the horizon. Once this dovish(dovish) policy expectation was released, the crypto market immediately responded, with major cryptocurrencies rising across the board.
From a technical perspective, Bitcoin is really on fire now. It has strongly broken out of the previous consolidation range, with the daily moving averages forming a bullish alignment, making the trend very clear. However, despite the excitement, there are some complications in the details— the four-hour RSI indicator has entered the overbought zone, and the hourly chart is undergoing technical correction, indicating that short-term pullback pressure is building up. There is also a more realistic concern: the price is approaching the strong resistance zone of 98,000 to 100,000, which is a natural profit-taking point for institutions. When that time comes, the selling pressure will not be small.
You should remember these key levels: Bitcoin is stuck around the 98,000 mark above, with support retreating to the 94,700-95,500 range below; for Ethereum, the two resistance levels are 3400 and the previous high of 3450, while if it falls below the support zone of 3280-3250, caution is needed. Only if it holds can there be a chance for a rebound.
Overall, the situation is like this— the Fed’s rate cut expectations are supporting the upward trend, and the overall bullish trend is intact. But the technical correction is already urgent, and in the short term, the market is likely to oscillate and consolidate at high levels. Don’t be blinded by the gains.