The overall intraday trend can be described as a very typical "stable-then-collapse" structure. During the day, Bitcoin basically oscillated around the 74,000 level, with bulls and bears pulling back and forth, but the overall center of gravity did not move down significantly; Ethereum also maintained a consolidation pattern between 2320-2340, appearing calm on the surface, but was actually building momentum. By evening, as external sentiment weakened and short-term longs took profits en masse, the market experienced a surge in volume and decline, with Bitcoin directly breaking key support and exploring down to around 71,000, while Ethereum quickly fell from its highs back to the 2,170 level, with bearish sentiment concentrated release. This decline did have some impact on my intraday long accumulation strategy, but fortunately the long positions from the daytime consolidation had already locked in profits, keeping the overall rhythm intact. More importantly, after the market structure showed a clear weakening in the evening consolidation, I adjusted my thinking in time and proceeded with the actual market by adding short positions, ultimately capturing the profits from the second half again. So the market is always changing, but what truly determines the outcome is not the market itself, but whether you can keep up with the changes. You don't need every single trade to be right, but you must be on the correct side at critical junctures—this is the true core of trading.

Regarding the current market structure, from the 4-hour level, Bitcoin appeared with a surge in volume and breakdown after consolidating at highs. The key support at 72,000 below has been effectively broken through, and the structure has shifted from oscillation to bear domination, with K-lines continuously closing in red, indicating the trend is beginning to extend downward; Ethereum similarly broke below the 2,280 consolidation platform, with an even more decisive decline and fuller release of bearish momentum. Looking at the 1-hour level, the downtrend has formed almost no effective rebound, with higher highs continuously declining and lower lows constantly refreshing, forming a standard downtrend structure. Meanwhile, the rebound strength is notably weak, suggesting insufficient market support with bears taking the initiative. Currently, resistance above has clearly shifted lower, while support below, though providing short-term technical support, is more likely to be broken through under a weakening trend backdrop. From the structural evolution perspective, this is not a simple correction but rather a directional choice after high-level consolidation, with the shift already completed to the downside. Synthesizing multi-timeframe analysis, around midnight and in the subsequent short term, prices still have room to continue declining. Operationally, we can proceed with a short-focused approach based on the trend. #美联储利率决议 $BTC