3.19 Bitcoin and Ethereum Morning Analysis

Last night's move saw Bitcoin take a direct "waterfall washout," with two 5-hour candles completely erasing the gains from the previous two days. The bulls got hammered hard, and market sentiment cooled instantly.

At 2:30 AM, the Fed held rates steady. Once the news dropped, the market became even more conflicted—will it continue crashing through 70k, or will it use the policy expectations to stage a fierce rebound? This is now the crucial inflection point.

The 4-hour level has touched the Bollinger Band lower rail. There's support below—it's not collapsing chaotically. The 4 consecutive red candles' downtrend has already broken, and right after probing the bottom, a Yang candle formed, indicating funds are accumulating below. So the bears did sell off, but didn't break through. The bulls aren't dead yet. Next either we see a rebound reversal or another sharp drop—direction will be clear soon.

Personal Recommendations:
Bitcoin: Buy at 70k-70,800, target 72,000, breakout target 74,000!
Ethereum: Buy at 2,150-2,180, target 2,250, breakout target 2,300!
$BTC $GT #Gate13周年全球庆典 #Grayscale质押1.92万枚ETH