Bitunix Analyst: Expects Fed to Hold Interest Rates, BTC Short-Term Support at $80,000, Resistance at $85,000

Blockbeats
Yesterday

BlockBeats News, March 19th: The market widely expects the Fed to keep the benchmark interest rate unchanged and evaluate factors such as slowing economic growth, inflation pressures, and the impact of trade policies. If the Fed does not deliver a dovish signal as expected by the market, or even hints at a reduction or delay in rate cuts, it may lead to a short-term market correction affecting the BTC price.

Bitunix analysts suggest that the short-term support level for BTC is at $80,000, with a key resistance level at $85,000. If the price breaks above the resistance level, it may further test $88,000; if it falls below the support level, caution should be taken as it could retreat to $77,500. Investors are advised to remain cautious, monitor the Fed's policy direction, allocate assets reasonably, and avoid overleveraging.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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