Friday, March 8, 2024

After the overnight rebound, can it continue to reach new highs in the later period?

① 20:00 Speech by Williams, Federal Reserve

② 21:30 US unemployment rate for February

③ 21:30 US non-farm payroll employment for February

1. Daily chart: After breaking through the 58000 support level, there was a slight pullback. If the later pullback does not break this support, it is still an upward trend.

2. 1-hour chart: After a short-term pullback testing the support near 65600, it maintained oscillation above it. If the later pullback does not break this support, there is still a trend of continuing to rise.

II. Ethereum

1. Daily chart: After breaking through the 3200 support level, there was a slight pullback. If the later pullback does not break this support, there is still a trend of continuing to rise.

2. 1-hour chart: After a short-term pullback testing the support near 3750, it rebounded again. If the later pullback does not break this support, there is still a trend of continuing to rise.

I. Bitcoin

1. Yesterday's view:

Summary: The price had a short-term pullback testing the support near 61000 and then rebounded again. If the later pullback does not break this support, there is still a trend of continuing to rise. The resistance above is at 68900 and 72000;

If it breaks below, it will initiate a pullback trend, and the support below is at 58500 and 56000.

2. Later trend:

The later trend had a pullback without breaking the 61000 support level, then oscillated and rebounded, reaching a high of 68101.

II. Ethereum

1. Yesterday's view:

Summary: The price had a short-term pullback testing the support near 3300 and then rebounded again. If the later pullback does not break this support, there is still a trend of continuing to rise. The resistance above is at 3960 and 4100;

If it breaks below, it will initiate a pullback trend, and the support below is at 3160 and 3040.

2. Later trend:

The later trend had a pullback without breaking the 3300 support level, then continued to oscillate and rebound, reaching a high of 3947.

I. Bitcoin

Summary: The price had a short-term pullback testing the support near 65600 and then maintained oscillation above it. If the later pullback does not break this support, there is still a trend of continuing to rise. The resistance above is at 69000 and 72000;

If it breaks below, it will initiate a pullback trend, and the support below is at 63000 and 60600.

II. Ethereum

Summary: The price had a short-term pullback testing the support near 3750 and then rebounded again. If the later pullback does not break this support, there is still a trend of continuing to rise. The resistance above is at 4050 and 4160; If it breaks below, it will initiate a pullback trend, and the support below is at 3600 and 3460.

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