Research Society ～ March 20, 2026

1. Federal Reserve's hawkish stance | BTC/ETH community overview: short-term recovery, mid-term bearish

2. Core conclusion: Federal Reserve's March FOMC exceeds expectations on hawkishness, tightening liquidity expectations suppress risk assets; BTC/ETH short-term oversold recovery, mid-term weak oscillation, do not chase rebounds, lightly test on pullbacks, strictly control stop losses.

I. News Reference

Interest rates remain at 3.50%~3.75%, dot plot indicates only one rate cut in 2026, the first rate cut postponed until after September.

Powell: Inflation is sticky, high interest rates will last longer; USD and US Treasury yields are rising, bearish for crypto.

On-chain: liquidation volume increasing, capital outflow, ETH shows greater elasticity and deeper declines.

Bitcoin's reference range for today:

Support levels: around 70000, around 69200, around 68700

Resistance levels: around 71600, around 72500

Ethereum's reference range for today:

Support levels: around 2100, around 2065, around 1990

Resistance: around 2200, around 2250

Bitcoin fell to the daily Bollinger middle track, news is bearish directly declining from a high of 75900, daily returns to the bottom range to continue grinding and adjusting. $BTC $ETH #美联储3月议息会议