Thursday, March 21, 2024

Has the bear market come to an end after the interest rate decision surged?

① 20:30 US March Philadelphia Fed Manufacturing Index
② Speech by Federal Reserve Governor Ball at 00:00 the next day

- Daily chart: After breaking through the 61000 level, there was a slight pullback. If the subsequent pullback does not break this support, the upward trend will continue.

- 1-hour chart: After a short-term breakthrough of the 66000 level, there was a continuous uptrend. If the subsequent pullback does not break this support, there will continue to be an upward trend.

II. Ethereum
- Daily chart: After breaking through the 3200 level, there was a slight pullback. If the subsequent pullback does not break this support, the upward trend will continue.

- 1-hour chart: After a short-term breakthrough of the 3360 level, there was a continuous uptrend. If the subsequent pullback does not break this support, there will continue to be an upward trend.


I. Bitcoin
- Yesterday's view:

Summary: After a short-term break below the 66000 level, there was a continuous decline. If the subsequent rebound does not break this resistance, there will continue to be a downward trend. Support below is at 60500 and 58200 levels.
If it breaks above, it will return to an upward trend. Resistance above is at 69300 and 72000 levels.
- Future trend:

After a rebound and breakthrough above the 66000 level, there was a continuous uptrend, reaching a high of 68293 and approaching the first target of 69300.
II. Ethereum
- Yesterday's view:

Summary: After a short-term break below the 3400 level, there was a continuous decline. If the subsequent rebound does not break this resistance, there will continue to be a downward trend. Support below is at 3080 and 2950 levels.
If it breaks above, it will return to an upward trend. Resistance above is at 3515 and 3630 levels.
- Future trend:

After a rebound and breakthrough above the 3400 level, there was a continuous uptrend, reaching the first target of 3515 and a high of 3554, approaching the second target of 3630.

I. Bitcoin
Summary: After a short-term breakthrough of the 66000 level, there was a continuous uptrend. If the subsequent pullback does not break this support, there will continue to be an upward trend. Resistance above is at 70400 and 72800 levels.
If it breaks below, the pullback space will continue to expand. Support below is at 63570 and 61300 levels.
II. Ethereum
Summary: After a short-term breakthrough of the 3360 level, there was a continuous uptrend. If the subsequent pullback does not break this support, there will continue to be an upward trend. Resistance above is at 3680 and 3810 levels; if it breaks below, the pullback space will continue to expand. Support below is at 3210 and 3070 levels.


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