2025.3.12 Market Analysis

Bitcoin Daily Chart

Resistance Level Around 85500

Support Level Around 80500

Yesterday, Bitcoin rebounded to around 83617 at its highest and fell to around 76606 at its lowest, with fluctuations exceeding 8%. The support level we provided was around 77000, and yesterday's lowest drop was around 76606, which basically met our expectations: first a drop and then a rise, with a relatively strong rebound. The resistance level we provided yesterday was around 81700, which was directly surpassed. Today's resistance level is set at around 85500, and the support level is set at around 80500. How many people remember 3.12 five years ago? That day, the crypto market was in turmoil, filled with panic, but it was also an opportunity. After 3.12, the market began to consolidate and then slowly started to rise. I hope this year's market will also slowly improve. Recently, Bitcoin has mainly been fluctuating, so whether it's a long or short position, remember to take profits and not be greedy. The trading strategy is to buy low. Wishing everyone a happy Wednesday.

Ethereum Daily Chart

Resistance Level Around 2060

Support Level Around 1850

Yesterday, Ethereum rebounded to around 1963 at its highest and fell to around 1754 at its lowest, with fluctuations exceeding 11%. The volatility is still greater than Bitcoin's. Ethereum is still quite volatile, creating a new low once again. Today's resistance level is set at around 2060, and the support level is at 1850. The trading strategy is to buy low. Ethereum has disappointed many people, and currently, most people are not optimistic. I still believe Ethereum has potential; it's just a matter of time. With Ethereum's large fluctuations, be sure to control your position size well. Recently, it has also been consolidating, and I hope it stabilizes above 2000 soon. Wishing everyone a happy Wednesday.

The above information is for reference only and should not be considered investment advice.