2025.3.17 Market Analysis

Bitcoin Weekly

Resistance Level Around 86500

Support Level Around 78500

Bitcoin Daily

Resistance Level Around 85000

Support Level Around 81500

Yesterday, Bitcoin's highest was around 85117, and the lowest retraced to around 81981, fluctuating around 3.7%. The fluctuations yesterday were still reasonable, and overall Bitcoin is still in a volatile downtrend, especially evident in the weekly chart. Last week's rebound peaked at the lifeline around 85300 before starting to adjust downwards. This week's resistance level is set at around 86500 and the support level at around 78500. The trading strategy is to sell high. The daily chart has formed a golden cross, but it's a submerged golden cross, so the rebound strength is likely limited. For those holding long positions, be sure to enter and exit quickly; do not be greedy, as Bitcoin could spike downward at any time. The resistance level on the daily chart is set at around 85000, and the support level at around 81500. Wishing everyone a profitable start to Monday.

Ethereum Weekly

Resistance Level Around 2160

Support Level Around 1700

Ethereum Daily

Resistance Level Around 2000

Support Level Around 1850

Ethereum peaked at around 1940 yesterday and retraced to around 1860, with fluctuations exceeding 4%, generally meeting yesterday's expectations, and it did not fall below 1850. The weekly Ethereum chart still shows a downtrend, with the first resistance level at around 2160 and the support level at around 1700. There is a trend for a golden cross on the daily chart, hoping today's rebound has some strength. The trading strategy for Ethereum is to sell when approaching the weekly resistance level. Whether holding long or short positions, remember to take profits; do not be greedy. The market is still in a sideways consolidation, so it depends on who has more patience. Wishing everyone a profitable start to Monday.

The above information is for reference only and should not be considered as investment advice.