Before the data release at 3 a.m., the market was basically certain about a rate cut. The Federal Reserve did follow the script and cut by 25 basis points. However, as soon as this good news was announced, it became a sign of "good news being fully priced in"—the recent rebound may have been an early digestion of expectations. Now, we need to re-examine how the market is going.

First, let's talk about Bitcoin. The 94,000 level I mentioned repeatedly is a tough nut to crack. It has been tested three times in recent days, but each time it failed to hold, and a pullback is inevitable. The key support is currently around 90,000; even if the price dips to 89,000, I wouldn't be surprised. But whether it can stabilize here directly determines if there’s further upside. Holding this level opens the possibility for a reorganization of the rally; failing to do so means we look for deeper support levels.

Next, Ethereum. Since breaking through 3,200, I’ve been eyeing the 3,400 level. Yesterday, the price indeed reached the expected target. Before the data was released, I was watching the chart. Around 3,420, I suggested brothers in the group to open short positions, and the price climbed to 3,428 at its peak. After the data release, it dipped to 3,350, and I closed the position. Before sleeping, I placed a short order at 3,430, and this morning I woke up to more gains.

Recently, Ethereum has been more active than Bitcoin, which also means its correction space is larger. After all, when Bitcoin is moving sideways, Ethereum is unlikely to move independently. Now, the hourly chart has broken down, and the next target is testing the 3,210 support. If this level also fails to hold, there's a high chance it will retest the 3,000 level.

To summarize, the entire market now hinges on two levels: Bitcoin's 90,000 and Ethereum's 3,000. Holding these levels means there’s still room for the market; failing to do so means preparing for further adjustments. As for altcoins? Resistance is like an iron wall, while support is as fragile as paper. In this kind of market, controlling your hands and not making reckless moves already puts you ahead of most traders.