On March 21, the Federal Reserve maintained interest rates, and the cryptocurrency market has entered a range-bound adjustment pattern again in the short term. Analysis of the future of Bitcoin.

On March 20, the Federal Reserve held a meeting and maintained interest rates, leading to a rebound in market sentiment. We predicted on Monday that the meeting would ease market tensions, as the US stock market and cryptocurrency market had fallen for two consecutive months, a slight easing would be beneficial for the future market. Unfortunately, the given long strategy was regrettably ineffective.

From the current Bitcoin daily chart perspective, after the K candle formed an upper shadow last night, it hit the MA30 daily moving average resistance and fell back. (The daily MA30 moving average and the weekly K MA5 moving average overlap, serving as the strong resistance at the upper boundary of the current range. The price reference is around 87500.) The current daily indicators lean towards a trend of fluctuating adjustments between bulls and bears. Combined with the 12-hour chart, the price rise is constrained by the upper band of the BOL, leading to the current price drop. Currently, Bitcoin is operating near the middle band, with short-term support at the middle band referencing around 83000, and strong support at around 80000.

In the 4-hour chart, the K candles experienced five consecutive down days, and the price has again fallen back to around the MA30 daily moving average, fluctuating. The MACD and KDJ indicators are leaning towards a short-term corrective adjustment. Combined with the hourly chart, the current market trend is leaning towards a slight range adjustment. In the short term, Bitcoin can be considered for light position buying at the 83000 level.

Operational strategy: Bitcoin: Buy at 83000-82500, target 85000-86500, stop loss at 82000.

Ethereum's trend is basically in sync with Bitcoin, but the trading volume is relatively small. After the price hit the daily middle band resistance, it fell back. However, due to the lower MA5 and 10-day moving averages leaning towards a fluctuating upward trend, as long as the price does not break the lower range of 1950-1920 in the short term, one can consider trying a long strategy.

Operational strategy: Buy at 1950-1910, target: 2000-2050, stop loss: 1890.

For the short term, let's see here first, and will continue to update later.#美联储3月利率决议 #特朗普数字资产峰会演讲