🌹The Federal Reserve's decision has a favourable outlook📈

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This year, the Federal Reserve is expected to cut interest rates two times or more. On March 20, the Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, which aligns with market expectations and indicates increased uncertainty in the economic outlook. The dot plot shows that two rate cuts are expected in 2025, consistent with last December. Additionally, the Federal Reserve will begin to slow the pace of balance sheet reduction on April 1. The most regrettable aspect is the balance sheet reduction; although a pause was considered, it was only announced that the pace would be slowed. The effort is not sufficient, but it can still slowly inject liquidity into the market, which can be considered a substantive small Favourable Information. Powell's speech also leaned dovish, but the probability of a rate cut in May is low. All the expected information has been released; overall, it still leans towards being favourable, although the strength of the favourable information is not strong enough.
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Market analysis shows that the current BTC price has stabilized around the 86000 point level, with a morning high reaching 87500 points. During the day, it is crucial to focus on the support level in the 85200-85600 range. If this range can effectively support, the price is expected to continue its upward momentum towards 88000 points or even higher. The key node is located in the 88000-92000 range.
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This is a reversal point at the daily level, which has important technical significance. If it breaks through the 88000 points, it may further open up upward space, targeting around 92000 points.
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Conversely, if it breaks below the support range of 85200-85600, one must be wary of short-term correction risks, with support below potentially referencing the 84000 point level.
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ETH has returned to $2000, and today's pullback falls within the normal range of technical adjustments. The intraday support level can be focused on the 2000-1960 range, and the upper space has already broken through, allowing us to look directly towards the 2150-2180 range in the short term.
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If the subsequent market continues to break upward, further attention can be paid to the key resistance level around 2300 points, while the important reversal node is located around 2600 points.
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The current market sentiment is warming up, gradually releasing positive signals. It is recommended to patiently hold onto your assets and wait for further market breakthroughs.
#pi #xrp #mubarak #eth #btc