The weekly closing of Bitcoin shows a doji star, with the current price maintaining around 91400. The weekly MACD histogram is shortening, which is a positive sign; the RSI has rebounded from the levels of multiple declines in this bull market. There are two days until the interest rate cut, and we will first look for a rebound before the cut, mainly paying attention to Powell's speech and the market's reaction after the dust settles.

The Federal Reserve will start a record monthly repurchase of $45 billion in bonds from January 2026, and large-scale money printing is about to come, which is also a positive factor; additionally, the Federal Reserve is about to change its chairman, who is pro-crypto.

Bitcoin

The daily chart maintains an upward channel and has slightly increased in volume. It is currently testing the breakout of the 4-hour downtrend, with a little distance remaining to the daily downtrend line. The key resistance on the daily chart is around 94000; only a breakout above this level could lead to the 98000—100000 range.

The short-term outlook on the 4-hour chart still looks for a rebound, focusing on the resistance above the upward channel…

Support: 83822—87719

Resistance: 94000—100000

Ethereum

The weekly MACD histogram for Ethereum is shortening more noticeably, and the daily chart has also increased in volume, forming an ascending triangle. The resistance level is at 3240; once it breaks above, there is a chance to reach below 3600.

The ETH/BTC exchange rate has broken the downtrend line, and the weekly chart is facing a rebound in wave B. Ethereum and altcoins are facing opportunities, and we can seize some strong rebounds in altcoins.

Support: 2718—2900

Resistance: 3240—3600

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The article is time-sensitive and for reference only, updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Prince Fusu

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