Bing Ge 3/17
The result of the Fed's FOMC meeting on March 20 is the primary risk. If hawkish signals are released (such as interest rate hike expectations), it may suppress Bitcoin prices; dovish statements may favor a rebound.
Yesterday's closing price was $83,316.6 (down -1.21%), indicating that bears are dominant, with prices fluctuating at the lower end of the $80,000-$86,000 range. If it cannot break through the resistance level of $84,000-$85,000, it may further test the support at $80,000.
Aggressive: Short with light positions at $83,500-$83,800 on a rebound, stop loss above $84,300, target $82,500; if it breaks $85,000, go long.
Conservative: Wait and watch for a directional breakout. If it breaks $85,000, follow up with a long position (target $88,000-$90,000); short after a rebound if it breaks below $82,000 (target below $80,000).
