Track the real-time hot spots in the currency circle, seize the best trading opportunities. Today is Wednesday, March 12, 2025. I am Wang Yibo! Good morning, everyone. Iron fans check in👍, like and get rich 🍗🍗🌹🌹

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Overnight, the three major US stock indexes collectively fell, with the Dow falling 1.14%, the Nasdaq falling 0.18%, and the S&P 500 falling 0.76%. Large-cap tech stocks were mixed, with Tesla and Broadcom rising over 3%, while Nvidia, Amazon, and Meta rose over 1%, and Apple fell nearly 3%. According to CME's 'Fed Watch': The probability of the Fed maintaining interest rates in March is 96.0%, with a 4.0% probability of a 25 basis point rate cut. The probability of maintaining the current interest rate in May is 58.3%, with a 40.1% cumulative probability of a 25 basis point rate cut, and a 1.6% cumulative probability of a 50 basis point rate cut. Cryptocurrency prices continue to fall, with Bitcoin falling to its lowest level since November last year, as escalating trade tensions offset concerns about the economy, outweighing US President Trump's support for cryptocurrencies expressed last week. Concerns that Trump's tariffs and government layoffs could disrupt US economic growth are putting pressure on risk assets such as cryptocurrencies. As investors seek safe havens, the US stock market declines and US Treasury yields rise. Although Trump's strategic reserve statement regarding cryptocurrencies initially boosted optimism, market sentiment quickly deteriorated as macroeconomic conditions worsened, leading to aggressive selling and the subsequent collapse of the rebound.
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The early trend of Bitcoin was like a thrilling roller coaster ride, showing dramatic changes of first suppression and then rise. Initially, the price plummeted like free fall, touching the 76547 line all the way, setting a new low record, and the market atmosphere fell into extreme panic. However, just when everyone thought the decline would continue, Bitcoin, like a phoenix reborn from the ashes, quickly reversed the trend in a V-shaped manner, successfully breaking through the key resistance at 82000 with fierce momentum, attracting the attention of the market. After the U.S. stock market opened, Bitcoin's price experienced twists and turns again, encountering strong resistance when retracing to the 79000 line, but then quickly rebounded, currently stabilizing around 83000, showing the intense battle between bulls and bears in the market. Looking deeper into the 4-hour chart, Bitcoin shows a typical bullish consolidation pattern. The market is in a fierce tug-of-war oscillation within the range, with both bulls and bears struggling, showing poor sustainability. Bitcoin cleverly rebounded from the lower rail to near the middle rail. Judging from short-term technical indicators and trend patterns, there is a strong trend for further upward rebound, and the overall structure is clearly inclined towards a rebound trend at this stage. Looking ahead, the high probability will continue the trend of deep consolidation in a oscillating manner. The key resistance level above is near 85500, which is like a solid barrier. Once Bitcoin successfully breaks through this point, it will undoubtedly become an important milestone signal for the bulls to achieve a significant breakthrough.
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The morning market trend of Ethereum is also turbulent and thrilling. The price tumbled from the high of 1892 like a waterfall, all the way down to the low of 1752, causing a panic in the market. However, Ethereum, like a beast awakening from sleep, launched a very strong rebound, reaching a high of 1961, bringing a bit of surprise to the market. Nevertheless, influenced by the drastic fluctuations in the U.S. stock market, Ethereum's price then plummeted like a kite with a broken string, falling back to 1836. It then staged a miraculous V-shaped reversal rebound, showing a complex and ever-changing trend. When we shift our focus to observe in detail from 4-hour to 12-hour timeframes, we can see that the bearish trend at each time level still hangs over the market significantly. Yesterday's low has already entered the oversold zone. After a strong rebound during the day, the price has basically completed a technical repair, seemingly regaining some vitality. This round of rise is likely a carefully arranged bull market, which, to some extent, can temporarily slow down the downtrend and give the bulls some breathing room. However, the key point for Ethereum's future trend lies in whether the bulls can gather enough strength to successfully reclaim the key resistance levels of 2220-2350. The gains or losses in this range may become a crucial turning point determining Ethereum's future direction.