Bitcoin and Ethereum Analysis on March 9📊
Bitcoin is still in a state of fluctuation, and its hourly performance is weaker than that of Ethereum! Additionally, it has reached a resistance level near 87,000! Importantly, the two centers of decline are not completed, and it may touch around 84,500 below. Therefore, everyone can consider placing short positions for the day at these two levels.
Ethereum's market trend on the daily chart seems to be reaching a bottom; of course, we also need to be cautious about it grinding the bottom at this level. Therefore, we pay attention to the hourly market trend, which is currently stronger than Bitcoin. Thus, we can enter around 2135-55, with resistance above at around 2330. Once it breaks through, it will move up a bit on the daily chart!
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