Tonight, the Federal Reserve rate decision takes place as scheduled on 3.18, with a rate cut probability of only 1.9%. Based on Iran's current situation, no rate cut is essentially a done deal. The Israeli Defense Forces launched massive airstrikes on Iran, with Iran's national security secretary and his son killed, escalating the Middle East situation once again - multiple bearish factors!
From a technical perspective: After Bitcoin failed to breach 76,000, it slid to a low of 73,330. Subsequently, it continued oscillating narrowly between 745-735, showing a pattern of high-level stagnation and weak consolidation. From the chart, current bull momentum is exhausted, prices remain under pressure below short-term moving averages, moving averages are turning downward, and bearish alignment patterns are emerging.
Operationally: Short on bounces
Bitcoin: Around 75,000 short - Target 73,500 - If broken, continue lower to 70,000
Ethereum: Around 2,350-2,380 short - Target 2,250 - If broken, continue lower to 2,150
Jiahao's Weekly Thoughts - March 18
Jiahao's Weekly Thoughts - March 18
Tonight, the Federal Reserve rate decision takes place as scheduled on 3.18, with a rate cut probability of only 1.9%. Based on Iran's current situation, no rate cut is essentially a done deal. The Israeli Defense Forces launched massive airstrikes on Iran, with Iran's national security secretary and his son killed, escalating the Middle East situation once again - multiple bearish factors!
From a technical perspective:
After Bitcoin failed to breach 76,000, it slid to a low of 73,330. Subsequently, it continued oscillating narrowly between 745-735, showing a pattern of high-level stagnation and weak consolidation. From the chart, current bull momentum is exhausted, prices remain under pressure below short-term moving averages, moving averages are turning downward, and bearish alignment patterns are emerging.
Operationally: Short on bounces
Bitcoin: Around 75,000 short - Target 73,500 - If broken, continue lower to 70,000
Ethereum: Around 2,350-2,380 short - Target 2,250 - If broken, continue lower to 2,150
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