Monday, March 11, 2024
Has the trend turned bearish after a rapid overnight pullback?
① 23:00 US February New York Fed 1-year inflation expectations
- Daily Chart: After breaking above the 58,000 support level, there was a pullback. If the pullback does not break this support in the future, the upward trend will continue.
- 1-hour chart: After a short-term pullback testing the support near 67,000, there was a rebound. If the pullback does not break this support in the future, there will be a continued upward trend.
II. Ethereum
- Daily Chart: After breaking above the 3,200 support level, there was a pullback. If the pullback does not break this support in the future, there will be a continued upward trend.
- 1-hour chart: After a short-term pullback testing the support near 3,750, there was another rebound. If the pullback does not break this support in the future, there will be a continued upward trend.
I. Bitcoin
- Yesterday's view:
Summary: The price had a short-term pullback testing the support near 65,600 and maintained oscillation above it. If the pullback does not break this support in the future, there will be a continued upward trend. Resistance above is at 69,000 and 72,000; if it breaks below, a pullback trend will unfold, with support below at 63,000 and 60,600.
- Future trend:
The future trend maintained oscillation after a pullback did not break the 65,600 support, reaching a high of 69,999.
II. Ethereum
- Yesterday's view:
Summary: After a short-term pullback testing the support near 3,750, there was another rebound. If the pullback does not break this support in the future, there will be a continued upward trend. Resistance above is at 4,050 and 4,160; if it breaks below, a pullback trend will unfold, with support below at 3,600 and 3,460.
- Future trend:
The future trend rebounded after a pullback did not break the 3,750 support, reaching a high of 3,970.
I. Bitcoin
Summary: After a short-term pullback testing the 67,000 support, there was a rebound. If the pullback does not break this support in the future, there will be a continued upward trend. Resistance above is at 71,300 and 73,800; if it breaks below, a pullback trend will unfold, with support below at 64,300 and 61,400.
II. Ethereum
Summary: After a short-term pullback testing the 3,750 support, there was another rebound. If the pullback does not break this support in the future, there will be a continued upward trend. Resistance above is at 4,020 and 4,200; if it breaks below, a pullback trend will unfold, with support below at 3,600 and 3,430.
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