Saturday, March 16, 2024

How far can the bears go after the continued decline as scheduled?

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- Daily chart: After breaking through the 62000 level, there was a slight pullback. If the pullback does not break this support in the future, it is still an upward trend.

- 1-hour chart, after breaking through the 70500 level in the short term, it maintained oscillation. If the rebound does not break this resistance in the future, there is still a trend of continued decline.

II. Ethereum
- Daily chart: After breaking through the 3500 level, there was a slight pullback. If the pullback does not break this support in the future, there is still a trend of continued upward movement.

- 1-hour chart, after breaking through the 3820 level in the short term, it maintained oscillation. If the rebound does not break this resistance in the future, there is still a trend of continued decline.


I. Bitcoin
- Yesterday's view:

Summary: After a short-term break above the 69000 level, it maintained oscillation. If the pullback does not break this support in the future, there is still a trend of continued upward movement. The upper resistance is focused on the 74400 and 77000 levels;
If it breaks below, it will initiate a pullback, and the lower support is focused on the 67000 and 64000 levels.
- Future trend:

After breaking through the 69000 level in the future trend, it rebounded again and maintained oscillation near it, and successfully reached the first target of 67000, with the lowest reaching 65580.
II. Ethereum
- Yesterday's view:

Summary: After a short-term break above the 3750 level, it maintained oscillation. If the pullback does not break this support in the future, there is still a trend of continued upward movement. The upper resistance is focused on the 4200 and 4350 levels;
If it breaks below, it will initiate a pullback, and the lower support is focused on the 3770 and 3600 levels.
Future trend:

After breaking through the 69000 level in the future trend, it rebounded again and maintained oscillation near it, and successively reached the targets of 3770 and 3600, with the lowest reaching 3566.

I. Bitcoin
Summary: After a short-term break below the 70500 level, it maintained oscillation. If the rebound does not break this resistance in the future, there is still a trend of continued decline, with the lower support focused on the 67300 and 64000 levels;
If it breaks above, it will return to the upward trend, with the upper resistance focused on the 73500 and 76500 levels.
II. Ethereum
Summary: After a short-term break below the 3820 level, it maintained oscillation. If the rebound does not break this resistance in the future, there is still a trend of continued decline, with the lower support focused on the 3660 and 3520 levels;
If it breaks above, it will return to the upward trend, with the upper resistance focused on the 3990 and 3170 levels.


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