BTC and ETH Hold Steady in Range as FOMC Looms

Bitcoin and Ethereum are consolidating within defined ranges as traders await the market-moving FOMC announcement. BTC, despite a bullish attempt, failed to break the $85K resistance and is now trading between $78K and $85K, reflecting a period of indecision. Similarly, ETH made a push toward the $2,000 level but pulled back sharply below $1,900, highlighting its struggle to establish a clear trend. Technical analysis indicates that BTC presents long opportunities on dips toward support and short opportunities as it nears resistance, while ETH faces a key battleground at $2,000, where a sustained breakthrough could favor long positions. With the market currently starved for strong narrative drivers, traders are cautious or opportunistic, waiting for a decisive catalyst from upcoming U.S. rate announcements that could shift the current balance of power. Both BTC and ETH are expected to react significantly based on the FOMC outcomes, with potential immediate moves and longer-term re-assessments following the announcement.