January 28 Evening

The Federal Reserve interest rate decision is coming soon. Can the market initiate a phased rebound?

Currently, after a temporary surge, the market has experienced a mild pullback. The overall retracement is controllable, with four-hour and daily charts showing a continuation pattern, which does not change the medium-term bullish trend. There is still room for further upward movement. The upcoming Federal Reserve FOMC interest rate decision, to be announced in the early hours of January 28 Beijing time, is undoubtedly a key variable influencing global risk assets. The rate cut expectations and hawk-dove stance expressed in the policy statement will directly determine the short-term trend of cryptocurrencies. At this stage, the market is generally in a bottoming and repairing phase, with both bulls and bears remaining cautious, awaiting key macroeconomic data.

From a technical perspective, the market has rebounded strongly from the previous low point. Currently, Bitcoin is around 89,000 and Ethereum around 3,000, entering a consolidation phase. On the daily chart, after a rapid decline earlier, there have been two consecutive days of significant recovery. The current healthy correction aims to solidify support and accumulate momentum for subsequent rises. Four-hour technical indicators show the MACD histogram gradually narrowing. Although the DIF and DEA lines are still below the zero axis, they are clearly converging with an upward turn, reflecting diminishing bearish momentum and a gradual accumulation of bullish strength attempting to take control of the market.

Operational Strategy Reference

Bitcoin: A pullback to around 88,500-89,200 can be used to enter long positions. The first target is around 91,000-92,000, with a further breakout aiming for 93,500.

Ethereum: A pullback to around 2,990-3,010 can be used to enter long positions. The first target is around 3,080-3,130, with a key level at 3,200 on a breakout.

Risk Reminder
The market analysis and trading strategies discussed in this article are based on current market data and technical patterns. They are for objective market interpretation and idea sharing only and do not constitute any direct investment advice. Market volatility is uncertain, and strategy effectiveness may be affected by publication and review processes. Please rely on real-time market conditions for actual operations. Investors should make independent decisions and bear all related risks.