Preface: Investment carries risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Article writing time: March 19, 10:55 AM Beijing Time
Market Information
The Bitcoin Reserve Bill in North Carolina will authorize 10% of public funds for purchasing Bitcoin;
The U.S. spot Bitcoin ETF has seen the largest daily net inflow in six weeks, valued at $274 million;
President Trump's executive director stated, "We want as much [Bitcoin] as possible." (Watcher.Guru)
Matrixport: Continuous inflow of stablecoin funds lays the foundation for increased Bitcoin demand;
Bitwise CIO: If the Federal Reserve shows any signs of easing, the market will experience a significant rise;
Market Review
Tonight, the Federal Reserve's interest rate meeting at 2 AM is expected to maintain interest rates. From the market news, there are still many positive factors for Bitcoin. The market has been fluctuating recently, and the rebound has not broken through the short-term resistance at 94,600. After reaching near this level, the market has declined, with the low point at 81,113. The short-term long positions we set up earlier have not been stopped out, and after adding to our positions, we should currently have a profit of 500-600 points. Ethereum has been held for a longer time, almost a week now, with a long position near 1,850. The market has not yet reached 2,100, and we currently have a profit of 80 points. If you lack the patience to continue holding, you may exit the market. In the future, pay attention to the situation of breaking through high levels;
Market Analysis
BTC:
From the daily chart, we previously mentioned that there are rebound signals on the weekly chart, but there are still 4 days left this week, and a rebound could happen in just one day. On the daily chart, Bitcoin has been suppressed by the 200-day moving average from above, struggling to break through and stabilize around 84,600. After last night's decline, the daily chart formed a small lower shadow, indicating that the market will likely test the pressure near 84,600 again. Only after stabilizing here can the market enter a new round of upward movement. Tonight at 2 AM, we can pay attention to the Federal Reserve's interest rate decision. If there is any policy easing, Bitcoin will also rebound. The long positions we set up earlier, after adding to our positions, should be around 82,100, currently with a profit of 600-700 points. You can set a stop-loss to protect your capital and continue to aim for the target of 867-893. Seize the opportunity; for short-term trading, control risks and manage your own profits and losses;
ETH:
From the daily chart, Ethereum's movement has also been fluctuating downwards in recent days. Bitcoin's volatility is larger, while Ethereum is oscillating around 100 points. The long position set up near 1,850 last Thursday has not yet reached 2,100. On the daily chart, Ethereum has formed a relatively small lower shadow in the oscillation range, indicating a slight bullish tendency, but the market has not yet gained momentum. The profit from last Thursday's Ethereum position is around 80 points. Those who want to exit can do so; if you prefer to stay, set a trailing stop-loss and continue to aim for 2,100-2,200. It should move out tonight; seize the opportunity to enter the market; for short-term trading, control risks and manage your own profits and losses;
In summary:
Bitcoin and Ethereum are in short-term fluctuations, and tonight's Federal Reserve interest rate meeting will provide results;
The article is time-sensitive, be aware of risks, the above is only personal advice, for reference only!
Follow the WeChat public account Crypto Lao Zhao to discuss the market together;
If you don't like it, you must have your own standards for what you like. All negativity is the opposite of positive perception. The matter itself is not important; what matters is what changes you can achieve through it and what impact it can have! Some people prefer one-sided trends, some prefer fluctuations, some excel in upward movements, while others are obsessed with downward trends. No one is absolutely right, and no one is absolutely wrong. If you don't like it, it doesn't meet your standards; what you can't do may be what others excel at.
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