After the US stock market opened last night, BTC rushed to 74,000 and ETH surged to 2,200. Many people thought a breakout through resistance was coming, but then it reversed and crashed down. Those who chased the highs are probably trapped at the peak. This is typical whale dumping. The 74,000 and 2,200 levels are too strong—like an iron plate—can't break through so it has to pull back.

What's the current situation?

BTC is oscillating around 70,500, ETH is fluctuating near 2,090. Combined with the weekend market, BTC will likely bounce between 69,500-72,500 and ETH between 2,150-2,050 today.

The market is waiting for direction right now. Why? Because the Fed has a meeting on the 19th, and big money is holding back. Plus with the situation heating up in the Middle East, money is flowing into gold and oil, making the crypto market seem a bit quiet.

Today's Trading Strategy

**Long Position:** Wait for it to drop to around 70,000 and stabilize, try with a small position. Stop loss at 69,000, target upside at 71,500-72,300. Don't move if levels aren't hit. Patience is how you make money.

**Short Position:** Try shorting when it bounces to around 73,000. Stop loss at 74,100, target downside at 71,000.

Remember to control position size!

Don't get caught up in the momentum from last night's big swings. Check the daily and weekly charts—we haven't broken out of the consolidation zone yet. BTC is in the 68,000-74,000 range, ETH in the 1,800-2,200 range. Sell high, buy low, take profits when you have them, don't get greedy. Wait for the Fed message on the 19th. But based on current market movement, the Fed maintaining rates is the most likely scenario, so the overall trend remains consolidation with a downward bias—we haven't hit bottom yet after all.