March 14 BTC and ETH Market Interpretation:
Yesterday, the price of BTC pulled back a bit and didn’t rise as high as we previously thought. Moreover, because the US stock market opened lower, BTC, which has a close relationship with the US stock market, was also dragged down. Looking at today, BTC may still hover around the current price, but in the long run, we remain very optimistic, and everyone should have confidence!
As for ETH, it also followed BTC's footsteps and made a slight adjustment. Today, it is expected to continue this slight fluctuation.
Today's key points are as follows:
For BTC, from the 1-hour and 4-hour short-term views and the daily line long-term view, its state isn’t particularly good. Therefore, BTC may continue to consolidate around the current price today. However, in the long term, we are still very confident. If it drops, the position around 80500 to 81000 may be a bottom; if it rises, the 83500 to 84000 range may encounter some resistance.
For ETH, it’s similar; from the short-term to the daily level, the state isn’t great. It is expected to continue to fluctuate slightly today. If it drops, the 1800 to 1850 range may be a support point; if it rises, the 1950 to 2000 range may face some pressure.
Overall, BTC and ETH are likely to have a slight fluctuation rhythm today, but in the long run, we remain very optimistic!
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