#美联储官员集体表态 Market analysis for September 29

Short-term perspective: The one-hour candlestick chart shows a rapid rise in the morning (06:00-08:00) followed by a consolidation phase at a high level, forming a fluctuation range of 112310-111575. A typical doji pattern appeared at 14:00 in the afternoon, with clear upper and lower shadows, indicating increased market divergence.

Daily Observation: On the 28th, a strong long bullish candle was formed (an increase of 2528 points). On the 29th, a technical pullback occurred, but it did not break below the 50% retracement level of the previous day's bullish candle (111750), forming a standard continuation pattern. The upward trend remains intact.

Technical Indicator Interpretation:
- MACD: The hourly level DIF(598) is still above DEA(551), but the volume of the last 4 hourly bars has decreased, indicating weakening momentum; although the daily level is in a death cross state, the green bars are shortening, showing that bearish strength is weakening.
- RSI: Hourly RSI(70.66) has pulled back from the overbought zone, releasing short-term pressure; Daily RSI(45.99) is in a neutral range with no obvious bias.
- EMA: The price is steadily above EMA30(110760) on the hourly chart, and EMA7(111707) is about to cross above EMA30 to form a golden cross; on the daily chart, it is strongly supported by EMA120(110762).

Volume Analysis:
In the short term, during the morning surge, the trading volume expanded to 1130, while during the pullback, the volume significantly shrank to between 81 and 349, which is consistent with a healthy adjustment characteristic. On the daily chart, the trading volume on the 28th was 7542 (an increase of 37% compared to the previous day), and on the 29th, it fell back to 3006, with a reasonable volume-price relationship.

Operational Strategy Suggestions:
Consider placing long positions for BTC in the range of 111700-111200, with upward targets focusing on the 112200-112700 area.
The ETH trading range is to go long around 4100-4080, with a target in the 4140-4200 area.

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