Financial Research Society ~ March 15, 2025
Today's Fear and Greed Index is 46, maintaining a neutral stance.
BlackRock's Bitcoin exchange-traded fund (ETF) IBIT increased its holdings by $47.51 million in Bitcoin 55 minutes ago, totaling approximately 568.311 coins.
After continuous outflows from institutions, BlackRock has started to buy Bitcoin again, increasing its holdings once more.
Bitcoin has stabilized in the four-hour timeframe, forming a golden triangle pattern rebound. However, after breaking through the middle Bollinger Band, a retest is needed to confirm support, with the daily middle Bollinger Band being a crucial resistance level to watch around 85,500.
Bitcoin's trading range today reference:
Support levels: around 82,400, around 81,800, around 80,800
Resistance levels: around 85,400, around 86,000
Ethereum's trading range today:
Support levels: around 1,880, around 1,845, around 1,760
Resistance levels: around 1,940, around 2,000
The market maintains a four-hour level of fluctuation, with Bitcoin still stronger than Ethereum, and altcoins also following the rebound. As Bitcoin has not yet stabilized on the daily chart, be cautious about taking profits when rebounding near the daily resistance level! Until Bitcoin stabilizes on the daily chart, short-term positions should be cautious, and dips should be used for buying.
