1: BTC hit a high of 28868 yesterday, and started to fall to 26600 last night after the Fed announced the interest rate hike.

The high-to-low price dropped by $2,268. BTC's short-term support is at 26,500. You can buy at low prices near the support level.

At present, this position will not fall too much. When the shock is resolved, it will continue to rise.

2: Question: At 2 o'clock in the morning last night, the Federal Reserve announced a 25 basis point interest rate hike in March, which was basically in line with market expectations and was considered a good news. However, the market did not pay the price, and BTC fell by US$2,268. Do you think it is strange?

Answer: Actually, it’s not surprising at all. First of all, before the interest rate hike, it was expected to raise interest rates by 25 basis points, and the risk market has a probability of raising interest rates by 25 basis points as high as 70-80%.

Everyone has a prediction here. There is basically no suspense about raising the interest rate by 25 points, so the good news has been released in advance.

This also explains why BTC has been rising slowly over the past two days, breaking new highs

So why did the decline occur last night?

First, the positive effects of a 25 basis point rate hike have been released in advance, which will turn into negative effects in the short term.

Second, Powell began his speech at 2:30 last night

It is said that there is no consideration of interest rate cuts in 2023. It is not clear whether interest rates will continue to rise in the future. It depends on market data.

The core PCE of 2% remains unchanged. Later, it was said that although so many banks have collapsed and have problems, they still care more about inflation than inflation.

To sum up Powell's speech last night, it was a bunch of hawkish

But no matter how hawkish Powell is

It can only affect the short-term trend of the market, and the medium-term trend remains unchanged.

In the medium term, the market continues to rise, and BTC is sure to break through 30,000.

This round of rising position is expected to be 33000-35000

I believe everyone should know what to do when you get to this position.

That's all for today. Thank you for watching.

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