It’s March 19, 2025, and more than half a month has passed. We should all be in profit, right?
Looking back at yesterday's market analysis, we predicted that Ethereum was waiting for Bitcoin to correct before completing its formation. The predicted level was around 81,000. The Bitcoin price correction was also not far off, mainly around 81,200 where we accumulated long positions, and Ethereum also entered long positions around 1,880. So far, both have shown good results.
Recently, prices are in a trend of fluctuating upwards, with a rebound starting in the early hours, oscillating between the active middle and upper bands. Currently, it is facing resistance near the upper band of the Bollinger Bands and has started to consolidate sideways. Some patterns like the doji and spinning top indicate a balance of bullish and bearish forces in the market, while the hammer may suggest a potential reversal signal. (However, the bullish outlook for lower positions remains unchanged; a weekly correction may come at any time, but a break of the consolidation box is needed to confirm the arrival of a larger-level rebound.)
On the hourly level, attention should be paid to whether it can effectively break through the recent high of 1,964.02. If it cannot break the resistance level, prices may continue to consolidate sideways or exhibit slight pullbacks. "Particular attention is needed for a news event tonight; if it remains in high-level consolidation during the day or night, be cautious of a sudden reversal in the early hours."
If it spikes upwards, it is expected to reach around 2,030 in the short term. Bitcoin is around 85,300; operationally, it is advisable to be flexible and maintain a clear mindset.
For short-term trading, first short, then long; it is suggested to short near 1,945 and watch 1,910. If it breaks down, look for 1,880.
Subsequent positions can be long near 1,870, with an uncertain target of #AiXBT遭黑客攻击 #美联储3月利率决议 #币安上线BMT #币安Alpha2.0 $ETH $BTC .