Today's Market Analysis
BTC: On the daily chart, the overall trend is maintaining a phase of oscillating upward movement. However, in recent days, the market has shown a clear lack of upward momentum, with highs continuously decreasing and lows continuously probing downwards. Recently, influenced by the impending reciprocal tariffs and the expanding trade war, market expectations for the Federal Reserve's interest rate cuts have been continually postponed. If tonight's PCE inflation data exceeds the previous value, it is very likely to end this round of rebound. Currently, the daily phase's upward channel has not been broken; pay close attention to today's daily closing position around 865. On the 4-hour chart, the trend over the past half month has shown a small upward trend of oscillation, but in recent days, the market has exhibited a downward oscillation trend. The overall phase's upward channel has not been destroyed, but the current trend's rhythm is still subject to further decline, with the upward channel precariously positioned; focus on the 4-hour closing around 86.
ETH: The overall pullback of Ethereum on the daily chart is larger than that of Bitcoin, showing three consecutive small bearish candlesticks, and it has now fallen below the 7-day moving average support. There is some support around 1980; if this position is not defended well today, the market may continue to probe down towards 1940. If the market enters a pullback phase, Ethereum may further drop to around 1800, laying the groundwork for a rebound in mid-April. Overall, Ethereum has considerable downward space in the short term. On the 4-hour chart, the market has shown a small downward trend in recent days, with all moving average support levels broken, and the K-line is beginning to decline significantly against the moving averages.
Altcoins: Recently, the market trend has become increasingly weak, with altcoins experiencing expanding declines. Market risk aversion is high. Last night, we chose to liquidate our positions and watch cautiously, avoiding risks at the end of March and early April, anticipating new bottoming signals after this round of market decline, and preparing for a rebound in mid-April. Currently, apart from some ecological sectors that are resisting the decline, such as the meme sector, which had shown strong performance in the past few days, it has begun to lead the decline with significant losses. Be cautious of risks and protect your profits in a timely manner!
