Track the real-time hot spots in the cryptocurrency circle and grasp the best transaction opportunities, today is Monday, March 17, 2025, and I am Wang Yibo! Good ☀ morning, coin friends, iron fans, check in 👍, like, and make a fortune 🍗🍗🌹🌹

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At present, as the market sentiment gradually eases, the bears have been curbed to a certain extent. Looking ahead, there is only one key factor that can push the price to achieve a breakthrough: whether the Fed's dot plot shows that there will be three or more rate cuts this year, whether the rate cut process will start as soon as possible in May, and whether quantitative tightening (QT) will be suspended or even paused outright. Before the early morning of this Thursday (March 20), the market sentiment will most likely continue to wait and see, and the currency price will also retrace frequently in the range. The focus of this week is Powell's speaking attitude, which has the probability of driving the currency price to fluctuate violently!
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Bitcoin went through the limit last week, testing the 76,500 line. After the decline stopped, it oscillated back and forth in the range of 80,000 - 84,000. Until the end of the week, the short-term resistance was successfully broken, and the bulls launched a pressure test upward. Over the weekend, the overall trend was sideways. Although there was a rebound in the early morning session, it failed to stabilize, and then stepped back again, and the short-term still maintained a volatile consolidation pattern. At the same time, the daily candlestick continues to be under pressure in the middle band, and the pressure level is once again focused on the 85000 line. Judging from the 4-hour chart, the K-line was suppressed and fell back as soon as it touched the upper band last night, and fell below the middle band, and the short-term rhythm is slightly bearish. In the short term, the focus is on the lower band near 80500, if the retracement is not broken, there is still a chance for a rebound correction; Once it falls below, the 80,000 mark may be lost again. On Monday morning, when Bitcoin retraced to the 81200-80500 range, you can try to take a light long position, aiming for a rebound to around 83500, with a stop loss set below the 80,000 mark. If it unfortunately falls below the stop loss level, it will be decisive to go short with a backhand, and the next support level will focus on the 78200 line.
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Affected by the news last week, Ethereum fell as low as 1752, and then started a small shock, fluctuating in a narrow range, mainly around the 1820-1960 range. During this period, there were many attempts to break through to the upside, but no substantial progress was made. Overnight, the market surged higher again to 1922 and then fell back to 1858. Judging from technical analysis and short-term market sentiment, the current market is in a complex and volatile stage. At this stage, it is difficult to operate, on the one hand, there is a lack of clear direction for price fluctuations; On the other hand, the long and short sides are evenly matched in the short term, and it is difficult to form an obvious trend market. The short-term rhythm is biased towards a continuation of the pullback after the inertia rally to consolidate the bottom. Today, we need to focus on the key level of 1920, if the price of the 1-4 hour level can effectively stand above this range, the market still has the potential to continue to rise, and the upper pressure level can focus on the 1960-2020 range. Conversely, if the price falls below 1850 at the 1-4 hour level, a pullback may start in the short term, and the lower support level can be watched for the 1820 and 1750 ranges.