3.21 Morning Analysis



The Federal Reserve's hawkish stance remains unchanged, rate cut expectations have been pushed back, and tightening liquidity is suppressing risk appetite. Middle East conflicts have driven up oil prices, stagflation concerns are intensifying, and the market is overall in a de-risking state. BTC has rebounded to around 70500 but is facing resistance, with a pullback on the 1-hour timeframe. The moving averages are in a bearish arrangement, with the short-term movement being only a consolidation correction. If support at 70000 is broken, the decline will continue. Watch for a breakdown at the 69350 level below. Trading strategy should focus on shorting on rebounds and strict risk management.
BTC-0.1%
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