3/18 BTC ETH Intraday Market Analysis
BTC Market Analysis
BTC is currently maintaining its position within a high-level consolidation range, with the short-term structure entering a critical phase of potential trend change.
Focus on the top of the 74856 fluctuation area during the day.
If the price breaks out with volume and stabilizes above 74856, it indicates that the bulls are regaining control of the rhythm,
and the market is expected to initiate a new upward trend.
Key resistance levels to focus on above are:
75998 — 76952 — 79300
Conversely, if the price continues to be under pressure and cannot break through the top of the range, attention should be paid to the support level at the bottom of the fluctuation range, 73330.
Once it effectively breaks below 73330, it indicates that the consolidation structure is broken, and the market will enter a downward phase.
Support areas to focus on below are:
72235 — 71200 — 70256
The current phase is a typical range-bound consolidation market, and the direction of the breakout will directly determine the short-term trend.
ETH Market Analysis
ETH's trend is in sync with BTC, also within a high-level consolidation structure.
Focus on the top of the 2356 range during the day.
If the price breaks out with volume and stabilizes above 2356, the upward structure will continue to extend,
and the upper space is expected to open up.
Resistance levels to focus on above are:
2385 — 2475
Conversely, if the price consistently fails to break through the top of the range, attention should be paid to the support level at the bottom of the range, 2292.
Once it breaks below 2292, the market may enter a correction phase.
Support levels to focus on below are:
2233 — 2163