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

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This year, the Federal Reserve is expected to cut interest rates at least twice. On March 20, the Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, indicating an increase in uncertainty regarding 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 starting April 1. Unfortunately, the balance sheet reduction was considered for a pause, but it only announced a slowdown in the pace of the reduction. The strength is insufficient, but it can still slowly inject liquidity into the market, which can be regarded as a small piece of substantial Favourable Information. Powell's speech was also dovish, but the probability of a rate cut in May is low. All the necessary information has been released, and overall, it still leans towards Favourable Information, but 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 mark, with a morning peak touching 87500. During the day, it is important to pay close attention to the support levels in the 85200-85600 range. If this range can effectively support, the price is expected to continue pushing towards 88000 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 point, it may further open up upward space, targeting around the 92000 point.
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Conversely, if the support zone of 85200-85600 is broken, one must be wary of short-term pullback risks, with lower support that can be referenced at around the 84000 point.
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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, with a short-term target looking directly at the 2150-2180 range.
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If the subsequent market continues to break through and rise, further attention can be paid to the key resistance level near 2300 points, while the important reversal point is located near 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 chips and wait for further market explosions.
#pi #xrp #mubarak #eth #btc