Market Review

Once again, a round of accurate predictions. In yesterday morning, we conducted a comprehensive analysis of the impact of Bitcoin and Ethereum's future trends on the macro trend. We analyzed the FOMC interest rate decision and Powell's speech, and made predictions based on the premise of unchanged interest rates. We provided a clear short-selling strategy for Bitcoin at the current price of 63,800 and Ethereum at 3,250, and accurately took profit and exited the market at around 61,000 while setting up long positions. We also completed profit-taking and set up long positions at around 31,000 for Ethereum, and made precise arrangements for future trading to target the Bitcoin price at around 68,200. These two rounds of arrangements yielded nearly 10,000 points of space for shorting Bitcoin.

Bitcoin and Ethereum's Perfect Conclusion on March 20

Intraday Analysis

The interest rate decision this time was unsurprisingly unchanged. In Powell's subsequent speech, he indicated that the interest rate has peaked and will continue to maintain the current level, while also opening the door to rate cuts. The negative data on PCE and CPI in January and February were attributed to seasonal effects. Undoubtedly, this speech was a completely dovish statement. Nasdaq futures hit a new historical high intraday, and Bitcoin returned to the 68,000 mark, achieving the largest daily increase since 2021. All information points to the bull market still not being over. Whether you agree or not, the second bull market is about to come, along with the arrival of several months of altcoins.

Since the bullish trend has been clearly identified, starting from the market, Bitcoin has successfully completed a V-shaped recovery from all the declines since March 19. The direction of the medium and long-term moving averages did not turn downward during the decline, and the short-term trend broke through resistance. Although it is currently approaching the resistance of the 4-hour MA60 moving average, the breakthrough is only a matter of time. Therefore, we only need to judge how long the market is expected to oscillate in the range of 66,000 to 68,000.

Intraday Suggestions

For Bitcoin, we can first look to short it to the 66,000-65,500 range and set up long positions, and defend against support at 65,000. As for Ethereum, we should focus on setting up long positions in the 3,460-3,430 range and defend against support at 3,400.

For more strategic guidance, follow Yunsan's Weibo, 500,000-follower financial analyst: Yunsan in the blockchain

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