Breaking news: Fed Chair Powell says we don’t need to rush to cut interest rates

The total market value of cryptocurrency has evaporated by US$19.4 billion in the past 24 hours. BTC fell by 1.26% with an amplitude of 2.7%. The main players are bearish.

1. News review: 1. Fed Chairman Powell: We don’t need to rush to cut interest rates;

2. Runestone’s total trading volume exceeded 1,100 BTC, and the number of held addresses exceeded 80,000;

3. After the largest quarterly option expiry in history, Bitcoin trading price exceeded $69,000.

2. Market trend analysis

1. BTC 1-hour price trend: rising

The recent K-line shows large price fluctuations, with several long upper shadow lines appearing (such as 22:00 on March 28 and 07:00 on March 29), indicating heavy selling pressure at high levels. The K-line entity between 01:00 on March 30 and the latest price gradually shrinks, and the closing price is close to the opening price, which may indicate increased uncertainty in the current trend. ​

2. ETH 1-hour price trend: down

The recent K-line shows that the price fluctuates greatly, and there are some K-lines with long upper and lower shadows, such as the highest price of 3615.83 and the lowest price of 3570.88 during the period at 22:00 on March 28, indicating that buyers and sellers compete for each other during this time period. fierce. From 23:00 on March 29 to 07:00 on March 30, the price showed a downward trend, and the closing price of the K-line for many hours was lower than the opening price, forming a continuous negative line.

3. BNB 1-hour price trend: sideways

The recent K-line shows large price fluctuations. For example, a long upper shadow line appeared from 19:00 on March 29 to 22:00 on March 29, indicating that sellers are under greater pressure. The long lower shadow line at 10:00 on March 28th implies that buyers have begun to intervene. The continuous small entities and short shadow lines from 23:00 on March 29 to 07:00 on March 30 reflect that the market is oscillating within a certain range and lacks a clear direction.

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