#美联储3月利率决议
Thursday, March 20, Yu Shen's Midday Analysis
Market Overview
The current market is in a consolidation phase, with the Bitcoin price fluctuating around 85800. Each major market movement is usually accompanied by a period of consolidation, and one must wait for a new structural range to form before making decisions. If the key level of 87500 is broken by bears, leading to a significant price drop, the market outlook will not be optimistic; conversely, if the price only experiences a slight pullback or oscillates within a certain range, this indicates a healthy market driven by demand.
Technical Analysis
Bollinger Bands: The middle band is flat with a slight upward trend.
-MACD: The 4-hour and 1-hour charts are opening downwards, but overall are in a consolidation state, short-term long positions can be considered.
Yu Shen's Trading Suggestions
Bitcoin: Buy on pullback around 85000—85700, target 86500—87500.
Ethereum: Buy on pullback around 1980—2000, target 2060—2800.
The above is purely technical analysis; recent news has had a significant impact.
Attached is a BTC long position from last night.
As long as you are decisive,
Just wait patiently.
There are still opportunities, come.
