Sunday, March 24, 2024

Another rise and fall, how to deal with the future market?

Nine spot Bitcoin ETFs currently manage over 470,000 BTC
Extra: The first wave of big shots who are capable of eating crabs~
GSR deposited 5.76 million ARB to Binance a day ago
Extra: The attraction of major platforms is still relatively strong~

- Daily chart: After breaking through the 61,000 support 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, short-term pullback testing the 62,700 support level and maintaining oscillation. If this support is not broken in the future, there will be a rebound trend.

II. Ethereum
- Daily chart: After breaking through the 3,200 support 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, short-term pullback testing the 3,250 support level and maintaining oscillation. If this support is not broken in the future, there will be a rebound trend.


I. Bitcoin
- Yesterday's view:

Summary: The price had a short-term pullback testing the 62,700 support level and maintained oscillation. If this support is not broken in the future, there will be a rebound trend. The upper resistance is at 66,400 and 68,900;
If it breaks below, the pullback space will continue to expand, and the lower support is at 60,700 and 58,900.
- Future trend:

The future trend maintains oscillation above the 62,700 support level after the pullback, reaching a high of 66,050.
II. Ethereum
- Yesterday's view:

Summary: The price had a short-term pullback testing the 3,250 support level and maintained oscillation. If this support is not broken in the future, there will be a rebound trend. The upper resistance is at 3,385 and 3,530;
If it breaks below, the pullback space will continue to expand, and the lower support is at 3,140 and 3,030.
- Future trend:

The future trend maintains oscillation above the 3,250 support level after the pullback, reaching a high of 3,438.

I. Bitcoin
Summary: The price had a short-term pullback testing the 62,700 support level and maintained oscillation. If this support is not broken in the future, there will be a rebound trend. The upper resistance is at 66,400 and 68,900;
If it breaks below, the pullback space will continue to expand, and the lower support is at 60,700 and 58,900.
II. Ethereum
Summary: The price had a short-term pullback testing the 3,250 support level and maintained oscillation. If this support is not broken in the future, there will be a rebound trend. The upper resistance is at 3,385 and 3,530; If it breaks below, the pullback space will continue to expand, and the lower support is at 3,140 and 3,030.


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