Recently, the market has basically remained in a range-bound fluctuation. After the line change in the morning, there was a pump, and after reaching the top, it pulled back as a correction. Bitcoin pulled back to around 117300 in the morning, and long positions increased significantly, pushing the price up, with BTC recovering to around 118400 before facing pressure and falling back, with overall volatility remaining small within the range. Meanwhile, Ethereum pulled back to 3760 after the line change in the morning, then surged, recovering to around 3830 but facing resistance. In the afternoon, it moved in sync with BTC, presenting some opportunities for a pullback, currently falling to a low of around 3750 but showing signs of stopping the decline. The upcoming announcement of the Fed's interest rate decision in the early morning is the most crucial event.

From the current market perspective, the daily structure basically shows a doji candlestick oscillating around the middle track, indicating a consolidation phase. The Bollinger Bands are currently in a contraction phase, which also means the consolidation is about to end, and the market will determine the strength of a one-sided move. Looking at the four-hour chart, the highs are gradually decreasing, but the lows have not further tested the support of the lower track. The deep corrections are expressed in the form of lower shadows, indicating that there is some resistance at the bottom. Currently, the market is hovering around the lower track, which is also a key for positioning long positions. Moreover, the evening's pullback still shows signs of building momentum for the interest rate decision, and the early morning market will be the main battlefield. Whether the interest rate can be lowered in advance has become the top priority.

BTC can be bought in light positions around 116800-117300, watch around 119000. Ether can be bought in light positions near 3750, watch around 3850. Adjust promptly if the data diverges.
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