Tracking real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Thursday, March 21, 2024, and I am Yibo! We are not predicting trades, but actually observing market fluctuations (narrowing, spreading), structure (market batch structure), and sentiment (external market such as US stocks, the US dollar, etc.). As a trader, you (through trading) affect prices, and prices also affect your emotions and behavior.
The Fed's decision ended, and officials maintained their expectation of three interest rate cuts this year. However, due to recent inflation increases, they have reduced their expectations for interest rate cuts in 2025. Powell stated that inflation is easing, and policy rates may have peaked, preparing to cut interest rates to support the economy. Economic data is better than expected, with strong job growth, but inflation is slowing. GDP and core PCE inflation forecasts have been raised, and the unemployment rate has been lowered, but most officials still expect three interest rate cuts this year. The economy is optimistic, and inflation is cautious. The Fed's March meeting maintained the policy rate unchanged and raised forecasts for GDP growth and core PCE inflation. The dot plot retained the guidance for three interest rate cuts this year, interpreted by the market as dovish. The catalysis of the Fed's decision has led to a round of bullish rise, with the price rebounding after touching the daily 30-day moving average and ending with a low-level broken Yin doji. After a violent surge in the early morning, it is expected to fall again and rebound quickly. The return of the bulls means a continuation of the one-sided layout strategy.
Bitcoin touched a low of 60750 yesterday and then started to rebound, reaching a high of 68260 before being blocked, and is currently running near 67330. In the four-hour chart, the 60,000 support level has supported a V-shaped rebound, with five consecutive bullish candles recovering lost ground. Short-term suppression is blocked and a pullback is expected, but the strength is not expected to be too great. The MACD is running bullish with a golden cross of the two lines, and the MA7 is turning upwards, indicating a bullish bias in the short term. The daily closing price is above the MA30 and has not broken the previous low, stabilizing the rebound. The upper resistance to watch is the short-term 69000 breakthrough, which will continue to rise to near the previous high. The bulls continue to hold positions at the lower levels, and persistence will lead to victory. The bull market will continue, and the strategy remains predominantly bullish, with upper resistance at 68800-70500 and lower support at 66500-65200.
Ethereum rebounded strongly after testing the support below yesterday, erasing the large bearish candle from the day before. The price's largest retracement on the four-hour Bollinger Band was near 3051, rebounding to around 3530. The bulls have completed a rebirth in the bull market. Is the continuation structure of the bull market highlighted? The key resistance at 3720 needs to be unlocked and verified. Looking at the hourly chart, the space is starting to narrow with reduced volume, and the rebound point after the strong repair has been raised. There is still some room for a pullback, and a rebound can be captured. It is recommended to set up long positions at 3450-3380, with a target range of 3650-3720!
In this market, it ultimately comes down to ability. If your ability is insufficient, the market will eventually take back what it has given you. So, when your wealth exceeds your ability, you need to control the drawdown, even though this control is futile, because that kind of profitable arrogance and arrogance will ultimately destroy a person's rationality. However, in the capital market, we don't have to worry about the situation where our wealth is lower than our ability, because this kind of imbalance will eventually be corrected by time. If it is not corrected, there is only one reason, which is that your ability is insufficient. If you are still in a state of confusion, don't understand the technology, don't know how to read the market, don't know when to enter, don't know when to stop loss, don't know when to take profit, randomly add positions, get trapped in bottom fishing, can't hold onto profits, and can't catch the market when it comes. These are common problems among retail investors, but it's okay. You can come to me, and I will guide you in the right direction for trading. A thousand words are not as good as one profitable trade. Instead of frequent operations, it's better to be precise, making every trade valuable. All you have to do is find me, and what we have to do is prove that what we say is not empty. 24-hour real-time guidance, the market fluctuates quickly, and due to the impact of timeliness during review, for the subsequent market trends, real-time layout based on actual trading is the main focus. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.
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