1.28

January 29 (Thursday) 3:00, Federal Reserve FOMC announces interest rate decision; afterwards at 3:30, Powell holds a press conference on monetary policy. Powell is most likely to stick to the usual three points, maintaining 2%, watching data, and not expecting any change. Moreover, January has almost certainly confirmed that there will be no change in interest rates.

BTC
The idea shared yesterday is that a break above 88500 would lead to a continuation upward. Currently, the market is still mainly oscillating without a clear direction. At this position, it can only be seen as a rebound, not a reversal. The next thing to watch is whether the four-hour level can continue and whether it can stay above the zero line to drive a four-hour rebound. Also, pay attention to the one-hour level; as long as the price does not break below 88600, it can move slightly higher. Overall, not breaking 88600 today will still result in oscillating upward slightly. Additionally, focus on tonight’s interest rate decision, with support at 88500-87500 and resistance at 89500-90500.

ETH
Ethereum is moving similarly to Bitcoin, continuously oscillating around this level near 3000. In the short term, the oscillation range to watch is between 2900 and 3060. Today, also pay attention to the one-hour level; the price must not fall below 2955, with support at 2955-2900 and resistance at 3055-3125.