Financial Research Club ~ March 24, 2025

Today, the cryptocurrency Fear and Greed Index rose to 45 (up from 30 yesterday), still indicating fear.

According to a Metaplanet announcement, the company has once again purchased 150 bitcoins as part of its Bitcoin treasury strategy, at an average price of 12,570,173 yen per bitcoin, totaling approximately 1.886 billion yen. As of now, the company holds a total of 3,350 bitcoins, with a cumulative purchase amount of about 42.216 billion yen.

Bitcoin has rebounded on the daily chart, once again approaching the resistance level near 86,600, and has established support at the Bollinger middle band on the four-hour chart. After breaking through the Bollinger middle band on the daily chart, there is a need for a pullback. The four-hour chart is stabilizing, while the daily chart is experiencing slight adjustments at resistance levels.

Ethereum is experiencing narrow fluctuations on the four-hour chart, with the 30-day moving average currently acting as support, and rebounds are being suppressed by the 60-day moving average, leading to a small volatility range.

Bitcoin's reference for today's trading range:

Support levels: around 84,600, around 83,800, around 83,300

Resistance levels: around 86,500, around 87,200

Ethereum's reference for today's trading range:

Support levels: around 1,980, around 1,952, around 1,888

Resistance levels: around 2,050, around 2,120

Ino believes the four-hour chart is strengthening, and the daily chart is experiencing a pullback at the resistance level. Altcoins are following the market rebound, and attention should be paid to the bottom altcoins we have highlighted, which can be operated in isolation.