Thursday, March 28, 2024

Oscillating adjustment continues, will it trigger a larger decline?

① 20:30 US Fourth Quarter Actual Personal Consumption Expenditures Annualized Rate

② 20:30 US Fourth Quarter Core PCE Price Index Annualized Rate

③ 22:00 US March One-Year Inflation Rate Expectation

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

2. 1-Hour Chart: After a short-term break below the 69000 support level, it returned above it. If the subsequent break below this support continues, there will be a trend of further adjustment.

II. Ethereum

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

2. 1-Hour Chart: After a short-term break below the 3550 support level, it continued to decline. If the subsequent rebound does not break this resistance, there will be a trend of further adjustment.

I. Bitcoin

1. Yesterday's Viewpoint:

Summary: After a short-term break above the 69000 support level, there was a pullback. If the subsequent pullback does not break this support, there will be a continued upward trend. Resistance above is at 72400 and 74700;

If it breaks below, it will return to a downward trend, with support at 66900 and 64700.

2. Subsequent Trend:

After the subsequent trend pulled back without breaking the 69000 support level, it maintained oscillation, reaching a low of 68364.

II. Ethereum

1. Yesterday's Viewpoint:

Summary: After a short-term break above the 3550 support level, there was a pullback. If the subsequent pullback does not break this support, there will be a continued upward trend. Resistance above is at 3740 and 3870;

If it breaks below, it will return to a downward trend, with support at 3440 and 3310.

2. Subsequent Trend:

After the subsequent trend broke below the 3550 support level, it oscillated and declined, reaching a low of 3461.

I. Bitcoin

Summary: After a short-term break below the 69000 support level, it returned above it. If the subsequent break below this support continues, there will be a trend of further adjustment, with support at 66900 and 64700;

If it stabilizes at this key level, there is potential for continued upward movement, with resistance at 72400 and 74700.

II. Ethereum

Summary: After a short-term break below the 3550 support level, it continued to decline. If the subsequent rebound does not break this resistance, there will be a trend of further adjustment, with support at 3440 and 3310;

If it breaks above again, it will return to an upward trend, with resistance at 3740 and 3870.

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