Market analysis on 2023/3/23

顺风顺水顺松哥 · 2023-03-23T03:30:19.000Z

Early review of No. 3.23 Rise Community Market review: Yesterday, many people were paying attention to whether the Federal Reserve's interest rate hike meeting at 2 o'clock in the morning could drive the market to continue to rise. In fact, if you think about it, interest rates have been raised last year, but has there ever been a sharp drop in the market due to an interest rate hike? Our turning point occurred early on February 8th this year. What will be the cause? The expected rate hike of 25 basis points, or no rate hike, is bullish for the market. Fomo sentiment is serious, and the market is all bullish. For me, it is the best time to see a correction. This wave of correction is not over yet. , what I have been emphasizing is that the bull market has not come and has not started. Yesterday morning, I posted a message that the market will continue to fall and the big pie has dropped from the highest of 20,000 US dollars to reach the support point of 26,500 dollars given in yesterday's morning review, and the second pie has reached the support point of 1,700. -1720 range is the first line, which is in line with expectations. The decline of individual coins is not big. Again, the selling pressure is small without increasing the volume. Looking at the big pie and the second pie, I will continue to look back this week.

3.23 Morning Review of the Rising Community
Market Review:
Yesterday, many people were paying attention to whether the Fed's interest rate hike meeting at 2 a.m. could drive the market to continue to rise. In fact, looking back at the past year, interest rates have been raised, but has there been any market crash caused by interest rate hikes? What caused the turning point to appear ahead of schedule on February 8 this year? The expected 25 basis point interest rate hike, or no interest rate hike, is bullish for the market. The fomo sentiment is serious and the market is all positive. For me, it is the best time to look at the callback. This wave of callbacks has not ended. What has been emphasized is that the bull market has not come and has not started. Yesterday morning, the article was published and the market continued to fall. The big cake fell from the highest of 20,000 US dollars to the support point of 26,500 given in yesterday's morning review. The second cake reached the support point of 1700-1720. It was in line with expectations. The decline of individual coins was not large. As I said, the volume did not increase, so the selling pressure was small. Looking at the big cake and the second cake, we will continue to look at the retracement this week.
Today's highlights:
For bitcoin today, the same as yesterday, we will first look at the resistance and support points of 26500. The upper resistance level should be paid attention to in the range of 27800-28000 during the day. The first line of support below is 26500, the second line of support is 26000, and the third line of support is 25000-25200. This position is an effective support point at the current short-term level and a rebound may occur if it is touched.
The support point of Erbing today did not touch the second-line support level of 1680 in yesterday's performance, so we can continue to look at the defense of this position. If it breaks below 1700 today, we will look at this position 1680. The overall short-term support point is 1600 points in the short-term level. The upper resistance position today is the first-line resistance of the 1760-80 range.