Track the real-time hotspots in the crypto world and seize the best trading opportunities. Today is Thursday, March 20, 2025. I am Wang Yibo! Good morning to all crypto friends ☀ hardcore fan daily attendance 👍 Like and make big money 🍗🍗🌹🌹

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Overnight, the Federal Reserve announced its interest rate decision, keeping the benchmark interest rate unchanged. At the same time, the Federal Reserve is assessing how a series of policy changes by the Trump administration in areas such as trade, immigration, spending, and taxation may reshape the economic outlook. In recent weeks, news of federal government spending cuts and increased tariffs has emerged frequently, leading to a significant decline in consumer confidence. Federal Reserve Chairman Powell stated at Wednesday's news conference: "We believe this is an appropriate time to wait for the situation to become clearer." Powell did not take a more aggressive stance on potential price increases related to tariffs, which encouraged investors greatly. As a result, the Dow Jones Industrial Average closed up 0.9%, with both the S&P 500 and Nasdaq indices rising by more than 1%, and the crypto market also rebounded across the board.

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Bitcoin successfully broke through the 85000 mark, followed by the Federal Reserve's interest rate decision. As the market expected, the unchanged interest rate policy triggered bearish effects in the short term, causing the Bitcoin price to quickly retract to around 83500, but effective support was formed here. Subsequently, Powell's speech released dovish signals, pushing the Bitcoin price to rise in a step-like manner, nearing the 87000 resistance area. From a daily perspective, after Bitcoin price broke through the mid-track resistance, the red momentum bars in the MACD indicator continued to expand, fully demonstrating the advantage of bulls. Currently, attention should be focused on the historical strong resistance area of 89000 - 90000, which has gathered a large number of institutional hedging positions and is likely to become a watershed for both bulls and bears in the short term. The Bollinger Bands are narrowing and flattening, indicating that the market has entered a critical window for directional choice, and it is expected to maintain a fluctuating upward pattern during the day. It is worth noting that there was no effective retest confirmation during this round of Bitcoin price increase, and there is a technical repair demand at the hourly level. It is recommended to focus on the support range of 84500 - 85200.

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In terms of Ethereum, its upward momentum appears slightly insufficient, having peaked at the 2069 line before the growth momentum slowed down. Since indicators require some time for correction, there is a demand for the market to enter a period of adjustment in the short term. The specific form of correction may be a high-level adjustment or a pullback adjustment, which mainly depends on the overall dynamic changes in the market. Currently, the short-term trend of the market leans towards a downward direction, and it may be accompanied by multiple instances of peaks followed by pullbacks. Although a retracement trend exists, it is not a unilateral downward trend; therefore, the subsequent overall trend will frequently oscillate. In the short cycles, attention should be focused on the pullback trend. If another rebound occurs, caution should be exercised regarding the potential increase in the magnitude of the pullback. The morning and intraday operational strategy is to first pay attention to the pullback adjustment, and then observe the situation of a second peak.