3.18 Evening Analysis:

The Federal Reserve will announce its interest rate decision and policy statement at 2 AM tonight. The market widely expects rates to remain unchanged, but the focus will be on hawkish signals from Powell's speech—if signals such as "postponement of rate cuts this year" or "maintaining high rates longer" are released, it will further push up the dollar and suppress risk assets, with a high probability of Bitcoin facing downward pressure. The market has already priced in some hawkish expectations in advance, coupled with profit-taking from earlier highs, bullish sentiment is clearly weakening.

The 1-hour large bearish candle has directly pierced the Bollinger lower band (73428.8) and MA7, MA30 moving averages. Short-term moving averages have formed a death cross pointing downward. The Bollinger bands have expanded their range, and the KD indicator has diverged downward at low levels. Bear momentum is being released in concentrated fashion, with extremely weak bounce strength.

News and technical aspects are oscillating weakly together. Market sentiment before the meeting is heavily cautious, with selling pressure continuing to release. Short-term likely continues its downtrend. If the meeting releases strong hawkish signals, the breakdown will further open up downside space. Operationally, it is recommended to focus on shorting from above, with caution on catching the bottom.

**Operation Suggestion:** Short 73300-73800, target 72300-71800.
$BTC $GT $ETH