Preface: Investment involves risks, and operations should be conducted with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, and you are welcome to read!
Article writing time: March 20, 10:04 AM Beijing Time
Market Information
- BlackRock's head of digital assets criticizes the notion that Bitcoin is a risky asset;
- Cryptocurrency venture capital transactions in February fell 60% since last October, as investors have become more cautious and selective;
- Federal Reserve Chairman Powell: We have seen some signs of increased tightening in the money market;
- The Federal Reserve kept the benchmark interest rate unchanged, in line with expectations;
- Powell mentioned "tariffs" and acknowledged that Trump's policies have impacted the economy;
Market Review
Yesterday, we mentioned that the market needs to stabilize above the 84600 resistance to continue moving towards the 867-893 range. Last night, influenced by the interest rate meeting, the market rebounded as expected, reaching a peak rebound point of 87467. Our long position on Bitcoin made at least 4000 points in profit, and with an additional buy-in below, the profit increased further. Ethereum's highest point yesterday was at 2070, with around 80 points profit for those who exited during the day, and about 200 points profit for those who exited with Bitcoin at night. Congratulations to friends who followed the War God strategy for a small profit; currently, the market needs to focus on breaking through the upper resistance in the short term;
Market Analysis
BTC:
From the daily chart, Bitcoin's recent rebound has been suppressed by the 200-day moving average for too long, causing the market to oscillate below the moving average. Last night, taking advantage of the news, the market broke out and rebounded. It has now stabilized above the 200-day moving average, but the rebound has not been significant. After reaching the upper resistance near 87000, there was a slight pullback during the day. The area around 87000 still needs to be broken through; only by stabilizing above can it move towards 90000. In trading, you can look to build long positions around the 200-day moving average, recommending entry points near 84600, with an additional buy-in at 83500, stop loss at 82500, and targets at 87000 and 89300. Please manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses;
ETH:
From the daily chart, Ethereum's overall volatility is still weaker compared to Bitcoin. The rebound strength after the short-term decline is insufficient, and the market is still operating at the bottom. Ethereum needs to stabilize above 2100 for the opportunity to continue rising. Currently, Ethereum's upward momentum has not yet reached 2100. In the future, attention should be paid to breaking through the upper resistance near 2100. In trading, it is also advisable to first take low long positions and look for a breakout, recommending entry points near 1970, with a stop loss at 1870 and targets at 2100-2200. Please manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses;
In summary:
Bitcoin and Ethereum need to focus on breaking through the high point resistance in the short term;
The article is time-sensitive, be aware of risks, and the above is only personal advice for reference!
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 prefer one-sided trends, some prefer oscillations, some excel in rising markets, while others are obsessed with declines. 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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