This week is Super Week for central banks, with the Federal Reserve, Japan, the UK, Switzerland, Sweden, and other central banks announcing interest rate decisions successively. Among these, the Federal Reserve, Japan, and the Bank of England are very likely to maintain interest rates. As of last Friday, the Nasdaq index and S&P 500 index have declined for four consecutive weeks. The market is looking forward to a dovish Federal Reserve; on Monday, the Nasdaq rose by 0.86% during trading, and the S&P 500 rose by 1%, with gold once again touching a high of $3,000 per ounce.

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NVIDIA's GTC Conference 2025 will open on March 17, with CEO Jensen Huang's keynote speech scheduled for March 18. The conference will involve 1,000 sessions, 2,000 speakers, and nearly 400 exhibitors. The Governor of the Bank of France, François Villeroy, stated that Trump's embrace of cryptocurrencies could trigger another financial crisis, as the U.S. is making a grave mistake by encouraging cryptocurrencies and non-bank finance. South Korean Economic TV reported that the Bank of Korea has clearly stated that it has never considered including BTC in its foreign exchange reserves, primarily due to the high volatility of BTC prices. According to Alternative Data, on March 17, the Cryptocurrency Fear & Greed Index saw a slight recovery, rising from 30 yesterday to 32, maintaining a 'fear' status, with last week's average at 20 (extreme fear). FalconX completed the CME's first block trade in Solana futures, paving the way for a potential spot ETF. CME follows the traditional path of 'futures first, then ETF' (as seen with BTC and ETH). Institutions such as Franklin Templeton, Grayscale, and 21Shares have submitted applications for spot Solana ETFs to the SEC. Circle's minting of stablecoins on the Solana chain reached approximately $10 billion by 2025. The total market cap of stablecoins increased by 0.91% in the past week, reaching $229.334 billion. Analyst Ali reported that in the past week, BTC whale groups have accumulated over 60,000 BTC.

Trader Eugene stated that he has attempted to buy some AI-related tokens with small positions, mainly because the related tokens have experienced excessive declines (which will naturally bottom out). Analyst Timothy Peterson indicated that BTC is about to enter traditionally strong months, with April and October forming a golden window period. If historical seasonal patterns repeat, BTC is expected to hit $126,000 before June 1, with the current price nearing the lower limit of historical seasonal fluctuation ranges. BTC's duration below the trend line averages only 4 months. This is highly consistent with the rhythm after historical bull market corrections. Since 2023, there have been five corrections exceeding 20%, each followed by stronger rises. The bull market has not dissipated; currently, it is a short-term correction. Markus Thielen, head of research at 10x Research, stated that BTC may repeat its 2024 trend, entering a long period of consolidation after reaching a historical high. The technical chart of BTC shows a bullish continuation, but the current structure exhibits some signs of fatigue, still lacking clear signals to support a strong rebound. Last week, the net outflow of BTC and ETH ETFs in the U.S. was $829.9 million and $189.9 million, respectively.

On Monday, U.S. retail sales for February increased by 0.2%, expected at 0.6%, with the previous value revised from -0.90% to -1.2%; the March New York Fed manufacturing index was -20, expected at -0.75, with the previous value at 5.7. U.S. consumer confidence fell to a nearly two-and-a-half-year low in March, with S&P economist Satyam Panday stating that the risk of a U.S. economic recession over the next 12 months is 25%, double the normal level. Economists almost unanimously agree that the risk of a U.S. economic recession has risen, and Powell needs to emphasize that if labor market issues arise, the Federal Reserve is willing to adjust interest rates. Goldman Sachs mentioned cryptocurrencies for the first time in its 2024 shareholder letter, calling it one of the important trends in the fintech sector, noting that some competitors are offering financial products including cryptocurrencies, which may be more favored by clients. Goldman Sachs has been exploring the application of blockchain technology since 2021. The Kobeissi Letter analyzes: The growth of the U.S. money supply is accelerating, with January's M2 money supply increasing by 3.9%, the fastest growth in 10 months, marking the 11th consecutive month of expansion. The circulation of dollars has reached $21.6 trillion, just $16 billion below the historical high set in April 2022. Bitfinex analysts stated that the BTC bottom may synchronize with the U.S. stock market (especially the S&P 500), with the $72,000 to $73,000 range still being a key support area. Historical trends indicate that interest rates and inflation trends will dominate BTC's next moves, and it is normal for pullbacks to occur during bull market cycles; this could be more about shaking out weak hands rather than the beginning of a bear market. Analysts generally believe that the BTC bull market cycle has not yet ended.

This week is Super Week for central banks, with the Federal Reserve, Japan, the UK, Switzerland, Sweden, and other central banks announcing interest rate decisions successively. As of last Friday, the Nasdaq index and S&P 500 index have declined for four consecutive weeks. The U.S. inflation data released last Wednesday and Thursday was relatively weak, and concerns about an economic recession have intensified, supporting the rationale for further interest rate cuts by the Federal Reserve. Analysts believe that Powell needs to send some signal indicating they are monitoring the stock market; the Federal Reserve cannot ignore the recent declines. On Monday, the Nasdaq rose 0.86% during trading, the S&P 500 rose 1%, BTC rose 0.7%, and gold once again touched a high of $3,000 per ounce, with UBS raising its gold target to $3,200. At 2:00 AM on Thursday, the Federal Reserve's interest rate meeting is taking place. After four consecutive weeks of declines in the U.S. stock market, the market currently needs a dovish Federal Reserve to soothe it, and traders expect the number of rate cuts this year to rise to three. The M2 money supply in the U.S. grew by 3.9% year-on-year in January, with dollar supply increasing, just $16 billion below the historical high reached in April 2022. Dollars are flowing into gold, with gold continuing to reach new highs. Historical charts show that the inflow of dollars into U.S. stocks and BTC lags behind gold by 70 to 110 days. After a long period of washing out, it is hoped that the cryptocurrency market will perform well in this new phase of rate cuts.