March 16, 2025 Market Analysis

Bitcoin Daily

Resistance around 86300

Support around 82500

Yesterday, Bitcoin rebounded to around 84676 at its highest and pulled back to around 83618 at its lowest, with fluctuations only around 1%. It is normal for the market to have little volatility over the weekend, and it is within our expectations. The Bitcoin daily MACD has shown a golden cross, indicating there should be a rebound. We will observe the strength of the rebound. Today is also the last day of the week. Let's see if we can recover above 85000 by tomorrow's weekly closing position. Today, we can go long at a low point, but remember to control your position well. If there are profits, remember to take them and not be greedy. The market will likely continue to fluctuate mainly. Today's resistance is set around 86300, and support is set around 82500. Wishing everyone a pleasant weekend.

Ethereum Daily

Resistance around 2000

Support around 1850

Yesterday, Ethereum rebounded to around 1957 at its highest and pulled back to around 1903 at its lowest, with fluctuations around 3%. The rebound strength for Ethereum is still too weak, and it is likely to continue fluctuating. Whether you are in a long or short position, remember to take profits. Ethereum's fluctuations are indeed larger than Bitcoin's. The daily chart also shows a trend towards a golden cross, but Ethereum can be quite unpredictable. It is essential to control your position when going long, and only trade with a light position. Today's resistance level is basically the same as yesterday's. The market will not fluctuate much during the day, but there might be a rebound at night. It depends on the strength of the rebound. It would be good if this week's weekly closing could be above 2000. Wishing everyone a pleasant weekend.

The above information is for reference only and does not constitute investment advice.