The Federal Reserve is set to discuss monetary policy in the next two days.
Hello to everyone in the community, today is March 21, 2025, happy weekend to all. After yesterday's reflection, Ethereum has indeed fallen back again. The current situation is that BTC is rising, ETH is following; if BTC is consolidating, ETH is falling; if BTC is dropping, ETH is crashing.
The current price of ETH is $1972. The current consensus is that no matter how much BTC falls, it will definitely bounce back, but ETH may not necessarily do so. Many big players have liquidated their ETH holdings; they are no longer holding, and many positions were liquidated. It's a pity because they all leveraged, and the current price is still below where it was four years ago.
Currently, everyone is waiting for the Federal Reserve to cut interest rates, but there is no meeting in April; the next meeting is expected in May, and it is estimated that rates will be cut by then.
Bitcoin (BTC)
Short-term (1-3 days)
Long position: If the price stabilizes above $84,000 and the 1-hour RSI (>50) rebounds, lightly test long with a target of $85,500-$86,500 and a stop loss at $83,500.
Short position: If the price rebounds to the $86,000-$86,500 range and meets resistance (combined with a four-hour MACD death cross), short positions can be established, with a target of $83,000-$82,000 and a stop loss at $87,000.
Medium to long-term (4-10 days)
Bullish layout: If the price pulls back to the $78,000-$80,000 support zone (weekly EMA120), build positions in batches, stop loss at $76,000, target $92,000-$95,000.
Breakthrough Long: After a daily close above $88,000, follow the trend to go long, leverage ≤ 3x, target above $100,000.
Ethereum (ETH)
Short-term (1-3 days)
Long position: Lightly test long in the $1950-$1930 range (lower Bollinger Band on the daily chart), stop loss at $1900, target $2050-$2070.
Short position: If the price rebounds to $2050-$2070 (daily EMA30 resistance) and meets resistance, enter short with a target of $1950-$1900 and a stop loss at $2100.
Medium to long-term (4-10 days)
Bullish layout: If the price stabilizes above $2070 (weekly midline) and MACD expands, additional positions can be held, targeting $2300-$2500.
Risk defense: If the price falls below $1850, be cautious of a deeper correction to $1700-$1600; it is advisable to observe or hedge $BTC