🍎March 29 Afternoon Market Insights.🍎
$BTC Insight:
The low of Bitcoin at the hourly level is rising below the yellow arrow, and it has broken through the isolated high indicated by the red arrow, creating a new high. It has returned to the resistance range of 66506-66818 and after reaching a new high, it retraced to the support of 66265, confirming the support is valid and starting to rebound. As long as Bitcoin can stabilize above 66265, it will challenge the high of 67277 again. Only by breaking through 67277 can we look up at the resistance range of 68126 and 68963-69506. To rebound, it cannot break below the support of 66265. Once it breaks below the support of 66265, it will test the previous low of 65506 again. Currently, I only see a rebound, not a reversal. If it can't break above 67277 and doesn't fall below 66265, it will consolidate in this range and choose a direction. The extreme retracement can only be accepted to its previous low of 65506. If it breaks below, it will be unfavorable; however, before it breaks below 65506, there is still a chance for a rebound.
Bitcoin breaks through 66966 with volume, and enter long positions on the right side to catch the rebound. If it breaks down through 66265 with volume and cannot reclaim, enter short positions on the right side. Keep good stop losses.
Bitcoin's hourly level breaks and stabilizes at 66966, looking upwards at 68142-69200; if it can't go above 66966, it’s useless.
At the 4-hour level, breaking below 66195 looks down at 65250-64238.
Upper resistance 66966-68142-69200
Lower support 66299-65506-64326
$ETH Thought:
Altcoin breaks through 2024 with volume, enter long positions on the right side, reclaim stop losses.
1993 breaks down with volume, enter short positions on the right side, keep good stop losses.
Retrace to 1931 confirms effective support, add one more hand,
break below 1905 to stop loss.
Altcoin's hourly level stabilizes at 2024, looking upwards at 2047-2075.
Be cautious of leaving 2075 for a short position,
break through 2111 to stop loss.
Left-side spike order: 1885 long, break below 1842 to stop loss.
Upper resistance 2024-2047-2075
Lower support 1993-1948-1909
At the 4-hour level, breaking below 1991 looks down at 1955-1908. The altcoin breaks through the flag shape and then breaks down again but returns to operate within the flag shape. Students, remember that the altcoin can only start a strong rebound by breaking through the lowest price of the large bullish candle indicated by the left red arrow. Look at the area around 2092 above; as long as it doesn't break below 1993, nothing happens. If it breaks below 1993, the previous low of 1962 will come again. The meeting is adjourned.
$BTC #全球市场波动