Friday, March 22, 2024

After a day of pullback, is the rebound over?

① 21:00 - Federal Reserve Chairman Powell speaks at an event
② 22:00 - Federal Reserve Vice Chairman Jefferson hosts a panel discussion
③ 00:15 the next day - Federal Reserve Governor Barr delivers a speech

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

- 1-hour chart: After a short-term breakthrough of the 65000 support level, there was a pullback. If the pullback does not break this support level, there will be a continued rebound.

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

- 1-hour chart: After a short-term breakthrough of the 3350 support level, there was a pullback. If the pullback does not break this support level, there will be a continued rebound.


I. Bitcoin
- Yesterday's Viewpoint:

Summary: After a short-term breakthrough of the 66000 support level, the price continued to rise. If the pullback does not break this support level, there will be a continued upward trend. Resistance above is at 70400 and 72800;
If it breaks below, the pullback space will continue to expand, and the support below is at 63570 and 61300.
- Future Trend:

After the pullback, the future trend maintained a narrow range below the 66000 support level, reaching a high of 64550.
II. Ethereum
- Yesterday's Viewpoint:

Summary: After a short-term breakthrough of the 3360 support level, the price continued to rise. If the pullback does not break this support level, there will be a continued upward trend. Resistance above is at 3680 and 3810;
If it breaks below, the pullback space will continue to expand, and the support below is at 3210 and 3070.
- Future Trend:

After the pullback, the future trend maintained a range above the 3360 support level, reaching a high of 3590.

I. Bitcoin
Summary: After a short-term breakthrough of the 65000 support level, there was a pullback. If the pullback does not break this support level, there will be a continued rebound. Resistance above is at 70400 and 72800;
If it breaks below, the pullback space will continue to expand, and the support below is at 63570 and 61300.
II. Ethereum
Summary: After a short-term breakthrough of the 3350 support level, there was a pullback. If the pullback does not break this support level, there will be a continued rebound. Resistance above is at 3680 and 3810;
If it breaks below, the pullback space will continue to expand, and the support below is at 3210 and 3070.


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