Monday, March 4, 2024

Can the oscillating pattern be changed after a rebound overnight?

① 17:30 Eurozone Sentix Investor Confidence Index for March

1. Daily Chart: After breaking through the 58,000 support level, the price continued to rise. If the subsequent pullback does not break this support, the upward trend will continue.

2. 1-hour Chart: After a short-term breakthrough above the 60,500 level, the price maintained oscillation above it. If the subsequent pullback does not break this support, there is still a trend of continued upward movement.

II. Ethereum

1. Daily Chart: After breaking through the 3,200 level, the price continued to rise. If the subsequent pullback does not break this support, there is still a trend of continued upward movement.

2. 1-hour Chart: After a short-term breakthrough above the 3,300 level, the price maintained oscillation above it. If the subsequent pullback does not break this support, there is still a trend of continued upward movement.

I. Bitcoin

1. Yesterday's Viewpoint:

Summary: After a short-term breakthrough above the 60,500 level, the price maintained oscillation above it. If the subsequent pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 64,300 and 67,000;

If it breaks below, a pullback trend will unfold, with support below at 56,700 and 54,400.

2. Subsequent Trend:

The subsequent trend saw oscillation and rise after a pullback did not break the 60,500 level, reaching a high of 64,429.

II. Ethereum

1. Yesterday's Viewpoint:

Note the 3,580 and 3,730 levels; if it breaks below, a pullback trend will unfold, with support below at 3,090 and 2,945.

2. Subsequent Trend:

The subsequent trend saw a slight pullback without breaking the 3,300 level, followed by oscillation and rise, reaching a high of 3,538.

I. Bitcoin

Summary: After a short-term breakthrough above the 60,500 level, the price maintained oscillation above it. If the subsequent pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 64,300 and 67,000;

If it breaks below, a pullback trend will unfold, with support below at 56,700 and 54,400.

II. Ethereum

Summary: After a short-term breakthrough above the 3,300 level, the price maintained oscillation above it. If the subsequent pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 3,580 and 3,730;

If it breaks below, a pullback trend will unfold, with support below at 3,090 and 2,945.

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