Saturday, March 30, 2024

Another day of retracement, how long can the volatility last?

Fed Chair: It's not good to cut interest rates too early or too late, cautious about cutting interest rates
Extra: Is this implying something to us?
Someone clever spent 0.79 ETH to buy 90.12 million MFER, with a floating profit of $17.5 million
Extra: Truly clever, this classic move of risking a little to win big~

- Daily Chart: After breaking through the 61,000 support level, there has been some volatility, and if the retracement does not break this support in the future, it is still an upward trend.

- 1-hour chart, after temporarily holding above the 68,500 support level, there is still a trend of continued upward movement if this support is not broken in the future.

II. Ethereum
- Daily Chart: After breaking through the 3,200 support level, there has been some retracement, and if the retracement does not break this support in the future, it is still an upward trend.


trend.


I. Bitcoin
- Yesterday's Viewpoint:

Summary: After temporarily holding above the 68,300 support level, there is still a trend of continued upward movement if this support is not broken in the future, with resistance levels at 72,400 and 74,700;
If it breaks this support, it will initiate another retracement, with support levels at 66,900 and 64,700.
- Future Trend:

The future trend retraced without breaking the 68,300 support level and then rebounded, reaching a high of 70,704.
II. Ethereum
- Yesterday's Viewpoint:

Summary: After temporarily holding above the 3,450 support level, there is still a trend of continued upward movement if this support is not broken in the future, with resistance levels at 3,740 and 3,870;
If it breaks this support, it will initiate another retracement, with support levels at 3,440 and 3,310.
- Future Trend:

The future trend retraced without breaking the 3,450 support level and then rose again, reaching a high of 3,567.

I. Bitcoin
Summary: After temporarily holding above the 68,500 support level, there is still a trend of continued upward movement if this support is not broken in the future, with resistance levels at 72,400 and 74,700;
If it breaks this support, it will initiate another retracement, with support levels at 66,900 and 64,700.
II. Ethereum
Summary: After temporarily holding above the 3,450 support level, there is still a trend of continued upward movement if this support is not broken in the future, with resistance levels at 3,740 and 3,870; If
it breaks this support, it will initiate another retracement, with support levels at 3,440 and 3,310.


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