March 20 BTC market analysis

The Fed's interest rate remained at 4.5%, which was in line with market expectations. The slowdown in the pace of balance sheet reduction and the return of funds to the crypto market led to a rebound of 87,000.

From a technical perspective, the next week will focus on whether the price of Bitcoin can stabilize at 850-860 million US dollars. If it fails, it will continue to fall. If it can hold this level, the next target will be 90,000. The current weekly key pressure zone is in the 90,000-91,000 area. If there is a 15% level retracement, it is a normal fluctuation.