3.18 Evening Market Analysis:

The Federal Reserve will announce its interest rate decision and policy statement at 2 AM tonight. The market widely expects rates to remain unchanged, but the focus will be on Powell's speech for hawkish signals — if signals such as "delayed rate cuts this year" or "higher rates maintained longer" are released, it will further push up the US dollar and suppress risk assets, with a high probability of Bitcoin facing pressure. The current market has already priced in some hawkish expectations in advance, combined with profit-taking from previous highs, bullish sentiment is clearly weakening.

The 1-hour large bearish candle directly broke through the Bollinger Band lower rail (73428.8) and MA7, MA30 moving averages, short-term moving averages formed a death cross moving downward, Bollinger Band widening, KD indicator diverging downward at low levels, bearish momentum releasing intensively, with extremely weak rebound strength.

News and technical aspects are resonating to the downside, market sentiment is cautious before the meeting, selling pressure continues to release, short-term likely to continue declining. If the meeting releases strong hawkish signals, the break will further open downside space. Operationally, it is recommended to focus on shorting at high levels, cautiously avoid catching the bottom.

Operation Suggestion: Short 73300-73800, targets 72300-71800.
$BTC $GT $ETH