3.20

The M Federal Reserve keeps interest rates unchanged, as expected

In the press conference, Old Powell stated that the M country's economy "remains generally strong" and clearly pointed out that the M Federal Reserve is not in a hurry to initiate interest rate cuts. Regarding rate cuts, Old Powell explicitly stated that the possibility of a rate cut in May is low. For the first time, Old Powell mentioned tariffs, indicating that a significant part of the M Federal Reserve's upward revision of inflation expectations is due to tariff factors. He emphasized that the M Federal Reserve will work with other forecasting institutions to distinguish between inflation caused by tariffs and inflation caused by other factors. He also acknowledged that Trump's policies have impacted the economy.

The market yesterday experienced a continuous upward fluctuation, breaking through the range, with a peak around 86700. A large bullish candle on the daily chart pulled it up, and the 4-hour level showed 8 consecutive bullish candles. Due to macro factors, market sentiment is relatively optimistic. However, at the current relatively high level, chasing long positions carries risks. The resistance level around 87000 can be used to take a small short position first,

with a补 at 87800, and a stop at 88100.

Looking down at 85500-83500#BTC走势分析