#美联储重启降息步伐 Thursday morning market watch notes are here.

$BTC and $ETH have been showing a rather grinding trend lately, to be honest. Watching the 4-hour chart, the price looks like it's going down step by step, like walking down stairs. The bears haven't fully unleashed their power, but the bulls are even less energetic. The moving averages are slowly sinking as well, and the whole market is stuck in a bottom-building consolidation phase.

Both bulls and bears are in a tug-of-war, neither willing to give in. Every rebound feels weak and can't hold higher levels. In the short term? The pressure is obvious. There's still room to test lower, but it will take time to digest. This kind of market can't be rushed.

In terms of trading, I personally prefer to lay out short positions on rallies. For Bitcoin, keep an eye on the 93,500 to 94,000 range; if the price rebounds to this level, consider entering shorts, with an initial target at 91,000. For the more aggressive, you can look at around 90,000. For Ethereum, 3,220-3,260 is a good short entry point, with downside targets set at 3,160 and 3,120.

A consolidation market really tests your patience. Don’t chase pumps and don’t bottom fish too early.