March 25 Market Analysis

Bitcoin is currently testing the upper channel resistance at 87,000, maintaining a breakout structure on the daily chart. Currently, caution is needed for potential pullback risks. This rebound from the low has been ongoing for 14 days, and the mid-term maintains a 20-day cycle with an expectation of a volume around 20,000 dollars. It is advised that holders strictly adhere to a stop-loss line at 90,000 and patiently wait for the market to choose a direction. In the short term, if there is a significant breakout above the 90,000 threshold, it will open up a new bullish space.

Worth noting: As BTC ETF funding warms up, ETH is still experiencing significant selling pressure from BlackRock's main forces, with a weekly reduction of 50,000 coins, halving compared to the previous week, which may release panic sentiment and signal a bottom. #美SEC加密圆桌会议