Is there a big drop in the market? 20240320

CN
1 year ago

CoinWorld reported: As of Tuesday, the cumulative trading volume of the US Bitcoin spot ETF has exceeded $150 billion. Data from The Block shows that since March 8th alone, the cumulative trading volume of the spot Bitcoin ETF has increased by $50 billion (when the total trading volume first reached the $100 billion mark), reaching $151.4 billion at the close of yesterday. (The Block)

Market analysis:

BTC: Looking at the 4-hour chart, the price rebounded after falling back to the lower Bollinger Band, and the overall market is currently oversold. The focus is on the market stabilizing.

Looking at the daily chart, the price has fallen below the moving average support, and the market is still in an oversold state. Those looking to enter the market can consider building positions in batches.

In summary, the support level is at 63000, and the resistance level is at 63800.

ETH: Looking at the 4-hour chart, the price rebounded after falling back to the lower Bollinger Band, and short-term market participants can continue to hold or add spot positions. The support level is at 3250, and the resistance level is at 3300.

LTC: The price has temporarily stabilized after falling back to the lower Bollinger Band. It is recommended to continue holding positions. The support level is at 80, and the resistance level is at 84.

BCH: The price has temporarily stabilized. The support level is at 360, and the resistance level is at 380.

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