March 20, 2025 Market Analysis

Bitcoin Daily

Resistance Level Around 87500

Support Level Around 84500

Yesterday, Bitcoin rebounded to around 87000 at its highest and dipped to around 82547 at its lowest, with fluctuations exceeding 5%. Today, it rebounded to near the lifeline and then began to pull back. Today's resistance level is around the lifeline 87500, and the support level is around 84500. The trading idea can be to short on highs, and the positions should be kept small. Whether it's a long or short position, remember to take profits when available; don't be greedy. The weekly chart still looks relatively dangerous. We need to see if the daily chart can effectively break through the lifeline. If it can't break through the lifeline effectively, it will continue to pull back. Wishing everyone a pleasant Thursday.

Ethereum Daily

Resistance Level Around 2150

Support Level Around 1950

Yesterday, Ethereum rebounded to around 2069 at its highest and dipped to around 1927 at its lowest, with fluctuations exceeding 7%. Today's resistance level is set at around 2150, and the support level is set at around 1950. Looking at the weekly level, we need to see if it can rebound to around 2200. Once it reaches 2200, it might be a good time to take a small short position. The daily level will continue to rebound, still quite far from the lifeline. Ethereum is still quite volatile, so pay attention to risks for both long and short positions. Remember to take profits when available, and trade quickly. Wishing everyone a pleasant Thursday.

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