March 17th Bitcoin and Ethereum Market Analysis

Bitcoin's current breakout is primarily driven by institutional funding: combined with a weakening dollar and easing geopolitical risks, it has jointly propelled the price upward. The key support zone is between $73,000 and $73,500; if it can hold, the subsequent target looks towards $78,000-$80,000, with an extreme expectation of $82,000. If it breaks the support, it may retest the range of $70,000-$72,000.

As for Ethereum: it is leading the charge strongly, with an ETF inflow of $315 million in a single day, institutional buying and social interest are off the charts, which has a certain positive effect on BTC, but it also faces selling pressure around $2,400, and we need to observe whether it can break through with combined strength.

Key focus: The FOMC meeting and Powell's speech are the biggest variables in the short term.

Operation suggestion:

Patiently wait for Bitcoin to pull back to around $73,000–$73,500, and accumulate positions gradually.