#美联储利率决议 Bitcoin surged to 76000, Ethereum touched 2400 before pulling back—will the Fed decision determine bull-bear fate?

Last night, Fed data expectations stirred the market. Bitcoin surged to 76000, Ethereum touched 2400, then both pulled back into high-level consolidation. Now BTC is holding around 74200, ETH hovering near 2330. The macro side is waiting for rate-cut signals, the technical side sees bulls and bears in stalemate, and the future depends on one Fed statement, with short-term volatility expected to amplify.

News swings both ways, market waiting for "reassurance pills"
Last night the market front-ran the Fed rate decision, and with sticky inflation data, funds alternated between risk-off and risk-on, sending the crypto market up and down. With Middle East tensions slightly easing and oil prices falling, risk assets took a breather. Bitcoin rode the weak dollar winds to breach 76000; Ethereum was even more aggressive, surging above 2400 on the back of BlackRock's ETH staking ETF positive news. But during today's daytime, Fed officials gave mixed signals—neither confirmed rate cuts nor hikes—and the market instantly cooled down. Everyone is waiting for next week's decision, nobody dares make hasty moves, so Bitcoin and Ethereum are stuck in high-level sideways trading, with bulls and bears grinding through patience.

High-level consolidation, key levels need close watch
From the 4-hour chart, Bitcoin is oscillating between 74000-75000. Yesterday's spike with a long upper shadow indicates heavy selling pressure above 76000; another breakout would need stronger bullish catalysts. Trading volume has shrunk significantly from yesterday's peak, suggesting bulls are temporarily exhausted. A break below 73500 could lead to a test toward 73000 or lower. Ethereum's pattern almost mirrors Bitcoin's, consolidating in the 2320-2360 range. Moving averages remain upward-pointing, indicating no damage to the major trend, but MACD shows some divergence at the top—short-term momentum has stalled and needs to consolidate profit-taking. A break below 2300 should be watched carefully for the support at 2280.

Short-term watch Fed, long-term watch regulation

Short-term: The core is the Fed decision. A dovish signal on rate cuts could likely propel Bitcoin to 76000 or new highs, with Ethereum touching 2400; if the tone is too hawkish saying no near-term cuts, a high-level pullback is unavoidable, with Bitcoin watching 73000 support and Ethereum watching the 2280 defense.

Medium-term: Don't panic, crypto regulation is the big trend

Ethereum ETF launch and sustained Bitcoin spot ETF inflow are all long-term positives. This short-term pullback is just consolidating after too much upside; there's still upward momentum ahead, with the key being whether capital continues flowing in.

The market is like a roller coaster—don't let short-term swings dazzle you. Maintaining your rhythm beats chasing highs and cutting lows.