Market Analysis:

BTC and ETH, the two main cryptocurrencies, continued to rebound the day before yesterday. However, combined with risk aversion ahead of the Federal Reserve decision, the short-term bearish pattern is expected to persist.

Macroeconomic aspects:

1. The probability of the Federal Reserve maintaining interest rates is 97.2%. Before the rate decision is announced early Thursday (January 29), risk aversion is high, and high-risk asset valuations are under pressure;
2. The Middle East situation remains tense, with ongoing military standoffs between Iran and the US, gold prices staying high, and crypto funds continuing to flow out;

3. The BTC spot ETF experienced a net outflow of $457 million over the past 7 days, indicating a clear withdrawal of institutional funds;

4. In the past 24 hours, the total liquidation amount across the network reached $882 million, with 320,000 people affected. The cleaning of high-leverage funds has reached a recent high.

Operational Suggestions:

Buy the dip: BTC 87,000-87,500, ETH 2,850-2,800 (with stop-loss);

Try shorting: BTC 89,300+ , ETH 2,960+ (light position, quick exit)

Special Reminder: The market is in a volatile, bottom-finding phase dominated by bears. Preserve your principal and observe quietly. $ETH