Dow Jones Industrial Average fell for 5 consecutive days after pulling out a big positive line on March 20th and returned to break through the platform support. If it falls below, it will be a false breakthrough. This wave has risen so much and has been diverging at the top all the time. A pullback is needed for a better rise.
The Nasdaq Composite Index also fell back after breaking through. The daily line continues to diverge, making it difficult to continue to rise significantly. A pullback is healthier.
The US Dollar Index has been very strange recently. We also reminded on March 22nd that the weekly line is facing a choice of direction. A large drop on the hourly level was quickly recovered. This has been maintained for more than a year since entering a box shock in January 23, testing what kind of tricks will come before the expectation of interest rate cuts.
Bitcoin
Bitcoin's daily line has temporarily returned to the BOLL upper rail, and the potential "throwing bricks to attract jade" pattern is also in a narrow range of 69200-71561. This is also a test of the bottom support at 68600 and the basic overlap of the BOLL mid-rail. No fall below, no bearish view.
4 hours
The current arc bottom on the 4-hour chart is oscillating at the neckline position. It depends on whether it can effectively break through. If it does, there is a chance to challenge the vicinity of the previous high position, and after halving, it may rise to a new high before pulling back.
Support:
Resistance:
Ethereum
The daily line is still suppressed by the BOLL mid-rail, and the OBV indicator is worse than Bitcoin, still below the yellow line, indicating significant outflow of funds. After breaking through the W neckline on the 4-hour chart, a retest of the support is needed. If it holds, there is a good chance of a rebound.
Support:
Resistance:
In terms of altcoins, APT and SUI are facing a breakthrough on the weekly line and should be continuously monitored.
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