Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is Wednesday, March 19, 2025. I am Wang Yi Bo! Good morning, coin friends ☀ hardcore fan check-in 👍 thumbs up for great wealth 🍗🍗🌹🌹

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Overnight, the three major U.S. stock indexes collectively closed lower. Among them, the Dow Jones Industrial Average fell by 0.62%, the Nasdaq Composite Index dropped by 1.71%, and the S&P 500 Index also slid by 1.06%. Large-cap tech stocks were generally hit, with Tesla's stock price falling by over 5%, Nvidia, Meta, and Broadcom all dropping by more than 3%, and Google also falling by over 2%. Influenced by the decline in the U.S. stock market, the crypto market also followed suit in a synchronized downturn. According to CME's 'FedWatch' data, the probability of the Fed maintaining interest rates unchanged tomorrow is 100%. Not only that, the probability of keeping the current interest rate unchanged until May is 82.4%, while the probability of a cumulative 25 basis point rate cut is 17.6%. Therefore, Powell's attitude in the upcoming speech undoubtedly becomes the market's focal point of attention.

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Bitcoin showed a oscillating downward trend in yesterday's trading session, with prices fluctuating within a range. When the U.S. session started, the bearish momentum suddenly surged, breaking through the key support level and accelerating the decline, touching near 81100 at the lowest point. However, the follow-up bearish momentum did not form an effective continuation, failing to further expand the downside. Its trend shows a characteristic of one step forward and one step back, appearing strong but difficult to achieve further breakthroughs, seemingly weak but not easily pulling back, with an overall trend of repeated fluctuations, and the tug-of-war between long and short positions is very obvious. Although it broke through the important support-resistance conversion level of 83500 within the range in the evening, the continuity is not ideal, still operating within the range. Currently, the 85000 level above forms a resistance level, while 80500 below is a key support level. Once 80500 is effectively broken through, the bears may initiate a direct downward trend. Until breakthroughs and stabilization are achieved at these two key levels, it is still advisable to treat the Bitcoin market with a range-bound mindset.

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The rebound of Ethereum within the day is extremely limited, touching the high point of 1912 and then coming under pressure again. In the evening, Ethereum synchronously ushered in an accelerated decline, and the lowest has reached the 1871 level. Recently, the overall rhythm of Ethereum mainly revolves around oscillating cycles, presenting a pattern of weak oscillation in price trends. Despite some technical rebounds during the process, the current price has also corrected to the 1930 level. In the early session, special attention can be paid to the breakthrough situation in the 1940-1960 range. From the perspective of technical analysis, the current market situation is still deeply mired in a stalemate between long and short positions. The daily chart clearly shows that price fluctuations are compressed within a relatively stable oscillation range, and the key resistance level above has been tested multiple times, presenting a typical form of upward and downward retracement, followed by pressure to decline again. The short-term level still maintains an oscillating trend. The four-hour level presents a situation of looking strong but unable to break through new highs, looking weak and insufficient adjustment space, accompanied by repeated long and short struggles. This rapid shift in market sentiment has led to localized technical corrections. In the adjustment trend after such a rapid decline, close attention should be paid to the adjustment and repair of trends on small time frame cycles when placing orders. After the adjustment is completed, it may be considered to focus on the long position layout.