Yueying: Bitcoin and Ethereum Market Analysis for September 16th - Will the Interest Rate Decision Lead to Further Declines? (Short-Term Strategy Included)

Bitcoin's daily chart shows a bearish candlestick pattern, indicating downward pressure and a test of the 75,000 level. Intraday trading continues with a narrow range of consolidation at lower levels. The Bollinger Bands are widening downwards, short-term moving averages are trending downwards, the MACD lines are extending downwards with increasing volume, the KDJ continues downwards with support around the zero line, and the VR indicator is consolidating around 120. On the 4-hour chart, the price tested the lower Bollinger Band around 75,000 again before rebounding. The Bollinger Bands are widening downwards, short-term moving averages are trending downwards, the MACD lines are extending downwards with increasing volume, the KDJ found support near the zero line and is slightly turning upwards, and the VR indicator is consolidating around 70. Overall, the market experienced a whipsaw movement after last night's news, and the daytime trading is expected to be relatively quiet, awaiting the interest rate decision data release. The structure is weak and volatile, but the current low support level remains a reference. For short-term trading, consider entering around 75,000 as long as it holds. Bitcoin short-term recommendation: Buy at 75,800. (Strategy activation and profit management are at your own discretion.) Ethereum's technical analysis is correlated with Bitcoin's. The current pullback hasn't broken the lower edge of the previous trading range and is continuing to test that support. Therefore, the short-term focus is on a rebound if the support holds. See the short-term suggestion: Buy Ethereum at 2390. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying.) — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!