3.19 Evening Bitcoin Analysis: Fed Rate Decision Headwinds Realized, BTC Key Support at 69000 Determines the Momentum
The Federal Reserve held rates steady at this meeting, and Powell's remarks clearly indicated that inflation decline has fallen short of expectations, with the near-term rate cut window essentially closed. This signal directly brought phase headwinds to the market.
Before the data release, the market had priced in pessimistic expectations in advance. Bitcoin pulled back from its high near 74600 under pressure, compounded by U.S. stocks opening lower and weakening, causing the price to quickly dip to around 70400 where it found support and bounced, though the rebound exceeded 1000 points, the key resistance level failed to hold firmly, with the overall structure remaining weak.
Currently, the core focus is on the 69000 round number support. Whether this level holds will determine the near-term momentum: if it breaks effectively below, downside space opens further; if support stabilizes, it will likely continue range oscillation.
Rebounds to the 70200-70700 zone can enter short positions in batches, with the first target at the 69000 level#Gate13周年全球庆典
3.19 Evening Bitcoin Analysis: Fed Rate Decision Headwinds Realized, BTC Key Support at 69000 Determines the Momentum
The Federal Reserve held rates steady at this meeting, and Powell's remarks clearly indicated that inflation decline has fallen short of expectations, with the near-term rate cut window essentially closed. This signal directly brought phase headwinds to the market.
Before the data release, the market had priced in pessimistic expectations in advance. Bitcoin pulled back from its high near 74600 under pressure, compounded by U.S. stocks opening lower and weakening, causing the price to quickly dip to around 70400 where it found support and bounced, though the rebound exceeded 1000 points, the key resistance level failed to hold firmly, with the overall structure remaining weak.
Currently, the core focus is on the 69000 round number support. Whether this level holds will determine the near-term momentum: if it breaks effectively below, downside space opens further; if support stabilizes, it will likely continue range oscillation.
Rebounds to the 70200-70700 zone can enter short positions in batches, with the first target at the 69000 level#Gate13周年全球庆典