Master Ye Talks About Hot Topics:

As expected by the market, Japan still maintains the interest rate at 0.5% without any hike. Master Ye reckons they may want to wait until May or June, before the U.S. starts to cut interest rates, which seems more reliable.

Everyone can think about it, an increase in August, another one in January, and then another one just two months later in March, that's a bit too rushed. If they do it in May or June, the interval will be four months, which is just right, and they can also hedge against the news of the U.S. interest rate cut. It has to be said that the Japanese are quite smart.

Additionally, the FOMC meeting will be held at 2 a.m. tomorrow, and Powell will speak at 2:30 a.m., so the market will definitely be volatile tonight until dawn. Personally, Master Ye leans towards first crashing down, then pulling up, and then exploring downwards again.

If the recent decline has to be attributed to news, the main reason is that the market is all guarding against the policy meeting at dawn on the 20th. Although some people are quite optimistic, believing that the Fed can cut interest rates three times this year, or even pause or stop the balance sheet reduction.

But some also believe that Powell is not that generous, and the interest rate cut is likely to be dragged, let alone the balance sheet reduction. So at critical moments, everyone has fled to safe havens first, and the decline is not surprising.

To be honest, guessing anything today is useless, the key is in the meeting after dawn. But what Master Ye wants to say is that don't look at the current terrible market, I actually think it's better to do than the unilateral surge a few years ago. Honestly, at this time, there will be more opportunities.

Recent articles seem to be all about BTC, and the medium and long-term trends have been said many times. If you forget, you can review Master Ye's articles from the previous period, it's clear at a glance.

So today, let's not talk about BTC, let's talk about Ethereum. Ethereum's decline is so regular, the 5-day line goes up and gives you a small green candle, it seems the bull market is back, and then it crashes to a new low.

At present, Master Ye still sees that many people are still harboring illusions, which is simply self-deception. Look at the weekly chart, does the trend look like a death spiral? It's a deep bear market for sure.

In the previous period, Master Ye said in the article that Ethereum has been swaying around $2,200 several times, and once $2,000 can't be held, the downside space will be large, and $1,600 to $1,500 is likely to be reached.

And Ethereum has no bottom at all now, if you have to ask me where the bottom is. Master Ye can only give you a reference, that is, where the deep bear market in 2022 fell, this time it will be about the same.

I see some people are shouting that Ethereum will reach $8,000 and $10,000 this year, which is really blowing dinosaurs back to life. To put it bluntly, let's be more pragmatic, be responsible to ourselves, and don't mislead others.

Master Ye Looks at the Trend:

Resistance Level Reference:

First Resistance: 84,000

Second Resistance: 83,300

Support Level Reference:

First Support: 82,300

Second Support: 81,800

Suggestion for Today:

The low point of 81.3K yesterday was held and a rebound appeared, trying to stabilize on the upward trend line, so a head and shoulders bottom formation can be expected in the short term.

If the first resistance is broken again during the day, it will break through the bearish trend range and test the area of trend reversal again. If it breaks through, it is not recommended to chase the long, but to enter the super short-term only after confirming the consolidation in the 83~83.3K area.

However, the resistance above is currently quite strong, and there are many trapped positions. So BTC must first break through 84 to 84.5K before the first wave of a rise to 86K can be expected.

The first support and the 20-day moving average can be set as short-term support, even in the case of a rebound, there is still resistance from the 200-day moving average and the upward trend line, so the possibility of another decline still exists.

Master Ye's Wave Preset on 3.19:

Long Entry: 81,800-82,300 area, light position, Target: 83,300-84,000

Short Entry: 84,000-85,000 area, light position, Target: 82,300-81,800

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