The trading week kicks off with Bitcoin and Solana holding key levels after a volatile weekend. We are seeing a classic "wait-and-see" approach from institutional players ahead of the March 18 FOMC meeting.
Bitcoin Outlook:
$BTC is currently consolidating in the $71,300 – $72,500 range. Despite the recent dip, on-chain data shows strong accumulation from whale wallets at the $71k mark. For a confirmed bullish continuation, we need a daily close above the $74,000 resistance. Until then, expect choppy price action as the market de-leverages in anticipation of the Fed’s rate decision.
Solana Outlook:Outlook:
$SOL is showing resilience near the $88.00 support zone. While it has lagged slightly behind BTC’s recovery, the ecosystem remains fundamentally strong with increasing TVL and the upcoming Alpenglow upgrade. A breakout above $92.50 could quickly trigger a rally toward the psychological $100 mark. However, keep a close eye on the $84 floor—losing this level could lead to a deeper liquidity flush.
Strategy Note:
Volatility is expected to spike over the next 48 hours. Avoid high-leverage "revenge trading" during this consolidation phase. Focus on spot positions or low-leverage scalp trades until the macro direction is cleared on Wednesday.