đ [BTC Update 03/18] - Bitcoin "Holding Breath" Waiting for FED News: Breakout or Sideways?
Hello Square folks! After a slight breakout to the range of 75,000 - 76,000 USD yesterday, Bitcoin ($BTC ) this morning shows signs of slowing down, moving sideways in the range of 74,000 - 74,500 USD. The market sentiment is shifting to a "wait-and-watch" state as the FED's FOMC meeting prepares to announce the results.
đ Notable highlights:
⢠Macroeconomic Event: Today is the decisive day of the FOMC meeting. The market is focusing on the "Dot Plot" to predict the interest rate cut path in 2026. Any unexpected announcement from Jerome Powell could cause significant volatility for Crypto.
⢠Capital Flow: Bitcoin ETF still records impressive positive inflow (+767M USD in the past week), indicating that institutional support remains strong despite the high prices.
đŻ Technical Scenario:
⢠Resistance Zone: 76,000 USD is the immediate barrier. If the daily candle closes above this level, the next target will be 79,200 USD.
⢠Support Zone: 72,000 USD is the important "fortress". As long as this level is maintained, the short-term growth structure remains intact.
â ď¸ Advice: In the next 24 hours, the market may experience two-sided wicks (Long/Short Squeeze). If you are implementing a DCA (Dollar-Cost Averaging) strategy like me, this is a great time to observe and stay committed to the plan, rather than trying to guess the peak/trough amidst the news storm.
đ Do you predict tonight the FED will be hawkish or dovish? Comment your opinions below!
â ď¸ Note: This article shares a personal perspective.
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