March 15th Research Report
Market Review from Yesterday
Yesterday, BTC experienced a slight increase, continuing to follow the U.S. stock market, which performed well yesterday. BTC has a high correlation with the U.S. stock market and is significantly affected by it. Currently, a stabilization has been observed on the 4-hour chart, and the downward momentum on the daily chart has weakened. A slight pullback is expected during the day before continuing to rise; it is advisable to consider following up. The long-term outlook remains, so keep your confidence.
Altcoins are consolidating alongside BTC, with minor fluctuations. A bottom trading range has formed, and further consolidation is expected during the day. It is advisable to consider a slight follow-up. Altcoins are synchronizing with the mainstream, with most cryptocurrencies maintaining bottom fluctuations and starting to stabilize; it is advisable to consider following up. Recently, new platforms on-chain worth attention include Odin on the BTC chain and TIME on the SOL chain; new platforms bring new opportunities.
Intraday Market Analysis
BTC's 1-hour and 4-hour charts have returned to healthy levels, while the daily chart is below healthy levels. A pullback is expected during the day before continuing to rise, with a long-term outlook still in place. Support levels during the day are at 82000-82500, with resistance levels at 85500-86000.
ETH's 1-hour and 4-hour charts have returned to healthy levels, while the daily chart is below healthy levels. Consolidation is expected during the day, with support levels at 1830-1880 and resistance levels at 1970-2020.
