Friday, March 15, 2024

After a sharp decline overnight, will the trend turn bearish?

① 20:30 US March New York Fed Manufacturing Index
② 22:00 US March One-Year Inflation Rate Expectations
③ 22:00 US March University of Michigan Consumer Confidence Index Preliminary Value

- Daily Chart: After breaking through the 62000 level, the price continued to rise, and if the subsequent pullback does not break this support, the upward trend will continue.

- 1-Hour Chart: After a short-term breakthrough of the 69000 level, the price maintained volatility, and if the subsequent pullback does not break this support, there will be a continued upward trend.

II. Ethereum
- Daily Chart: After breaking through the 3500 level, the price continued to rise, and if the subsequent pullback does not break this support, there will be a continued upward trend.

- 1-Hour Chart: After a short-term breakthrough of the 3750 level, the price maintained volatility, and if the subsequent pullback does not break this support, there will be a continued upward trend.


I. Bitcoin
- Yesterday's Viewpoint:

Summary: After a short-term breakthrough of the 70000 level, the price maintained volatility, and if the subsequent pullback does not break this support, there will be a continued upward trend. Resistance above is at 74400 and 77000;
If it breaks below, a pullback trend will unfold, with support below at 67000 and 64000.
- Subsequent Trend:

After the subsequent trend pulled back without effectively breaking below the 70000 level, it rebounded again, reaching a high of 72500.
II. Ethereum
- Yesterday's Viewpoint:

Summary: After a short-term breakthrough of the 3900 level, the price maintained volatility, and if the subsequent pullback does not break this support, there will be a continued upward trend. Resistance above is at 4200 and 4350;
If it breaks below, a pullback trend will unfold, with support below at 3770 and 3600.
- Subsequent Trend:

After the subsequent trend broke below the 3900 level, it rebounded to test this level again, reaching a high of 3938.

I. Bitcoin
Summary: After a short-term breakthrough of the 69000 level, the price maintained volatility, and if the subsequent pullback does not break this support, there will be a continued upward trend. Resistance above is at 74400 and 77000;
If it breaks below, a pullback trend will unfold, with support below at 67000 and 64000.
II. Ethereum
Summary: After a short-term breakthrough of the 3750 level, the price maintained volatility, and if the subsequent pullback does not break this support, there will be a continued upward trend. Resistance above is at 4200 and 4350;
If it breaks below, a pullback trend will unfold, with support below at 3770 and 3600.


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