Financial Research Society ~ March 13, 2025

Today's Fear and Greed Index is 45, returning to neutral. The CPI data being lower than expected is favorable for a cryptocurrency rebound. Bitcoin is rebounding at the four-hour level and is currently above the middle band of the four-hour Bollinger Bands. It is strengthening at the four-hour level, while the daily line is still in a downtrend rebound. There is a bottom divergence pattern on the 12-hour chart, and we need to continuously monitor the volume accompanying the four-hour rebound to determine whether to continue breaking through.

Ethereum (ETH) is currently at an oversold level similar to that during the 2021 Terra crash, the deep bear market of 2018 (when prices fell to double digits), and after the DAO hacker attack in 2016. At such an oversold level, theoretically, it presents a chance for a rebound, but after each rebound, Ethereum fails to maintain its position, making it suitable only for short-term trading.

Bitcoin's reference range for today:

Support levels: around 81800, around 80800, around 78400

Resistance levels: around 84400, around 84800

Ethereum's reference range for today:

Support levels: around 1840, around 1760, around 1660

Resistance levels: around 1930, around 2000

The market is still in a rebound trend and has not yet formed a reversal. Focus on the range at the four-hour level; short-term trades can be made, and profits should be taken during low-level rebounds. Bitcoin's rebound is still stronger than Ethereum's. #SEC推迟多个现货ETF审批 $BTC $ETH