#美国证券交易委员会推进数字资产监管框架创新 The Federal Reserve announced a 25 basis point rate cut at 3 a.m. If this round of expectations is fulfilled, the market's rebound rhythm should be adjusted accordingly.

The recent rebound essentially reflects the market pricing in policy expectations in advance. Now the key is whether the technicals can truly stabilize. Let's review the market logic:

**$BTC key levels to watch**
94000 is the critical resistance for the third surge. It's normal to see a pullback if it doesn’t hold this level. Currently, the focus is on the 90000 support—if broken, 89000 is a common retest level. But this level is significant—whether the decline stops and stabilizes will directly determine if the rebound can continue. If it doesn’t hold, it may head lower; this is a watershed.

**$ETH deserves more attention**
Ethereum’s recent activity has surpassed Bitcoin’s. Breaking above 3200 targets 3400, and yesterday it reached precisely that level. But because of its strong vitality, the retracement space might be deeper. When Bitcoin consolidates sideways, ETH finds it hard to move independently. The hourly chart has already broken down, and next it needs to test the 3210 support. If broken, expect a move toward 3000—another vital line for the market.

**Defense strategy is clear**
Focus on the 90000 and 3000 levels. Holding these levels is crucial to prevent a sharp decline; losing them could have serious consequences. Altcoins are particularly fragile right now—resistance is rock-solid, while support is as thin as paper. At this moment, controlling your trades is the best risk management.

The market rhythm after the rate cut has started to show some patterns. The key is to understand these signals and respond according to technical logic. Opportunities in the crypto space are never scarce; what’s lacking is the market feel.