Analyst Chen Shu: Analysis of the Night Market Ahead of the 3.20 Federal Reserve Rate Cut Meeting / Accompanying Trading Strategy

Currently, from the trend perspective, Bitcoin has been strengthening continuously on the 4-hour chart, with 6 consecutive bullish candles. The price is about to reach the MA120 daily moving average at the 8.48 level. Considering the Federal Reserve's interest rate meeting at 2 AM, the market has already reacted positively in advance. Tonight, we should pay attention to the breakthrough and stabilization at the 8.48 resistance level. If it stabilizes, it will continue to test the 8.76 resistance level. There is a high probability that after the news at 2 PM, the market may actually decline, and if the positive news is confirmed, it could lead to "selling the fact." Ethereum is also about to reach the 4-hour MA120 daily moving average at the 2065 level, so we should watch for a breakthrough and stabilization at this level.

Trading Strategy (Given that the positive news from the Federal Reserve meeting has been released in advance, the trading approach is to short on rallies): BTC: Light short at 8.5, add to short at 8.65 on a rebound, target at 8.35/8.25.

ETH: Light short at 2070, add to short at 2130 on a rebound, target at 2000/1960.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

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