The market has been stuck in a pattern of "rising then falling, falling then rising" over the past two days, with doubts about the sustainability of the rebound in Bitcoin and Ethereum. Yesterday, $BTC Bitcoin surged to 89,000 before pulling back, erasing gains during the US trading session, and then dipped to a low of 87,500 before rebounding. It is now back above 89,000; $ETH Ethereum also bottomed out and rebounded, barely holding the crucial 3,000 level.

There are two main supports for this rebound: first, spot ETF funds have shifted from outflows to inflows; second, Trump’s statement that he is not worried about a weakening dollar has put pressure on the dollar, prompting some funds to flow into the market.

Technical indicators show that in the short term, the market is overbought, and a correction is likely. The key focus is on the Federal Reserve’s interest rate decision early tomorrow morning. The market expects rates to remain unchanged, which could trigger volatility characterized by “buy the rumor, sell the fact.” Attention will be on the correction trend during the day.