《March 27 Market Analysis: The Focus Moves Down Again, Testing the Trend Line》

Yesterday, the market chief reminded to pay attention to the 4-hour top model establishment after the pullback, checking whether there was a rebound at the key support level. The pullback has occurred, but this rebound is too weak; the long positions we provided yesterday for Bitcoin at 68400 and Ethereum at 2065 and 2040 had rebounds, but the results were not as expected, only reaching the first take profit. Currently, the daily trend is again approaching the trend line, we can only pray that the support effect of this trend line still exists. Moreover, there may still be opportunities for a rebound.

$BTC Bitcoin has two support levels below, 67700 and 66600; these two positions are the last defense for the bulls. Once it breaks down, the trend line will be breached. The upper pressure is 70600 and 72700; whether 70600 can pull back will determine the short-term strength of the market.

$SOL The bull-bear dividing line for the index is at 88.5; only if the hourly closing exceeds this level can we look towards the pressure at 90.6 and 95. The lower support is at 83.9 and 81.8.

$ETH Ethereum rebounded from 2065 to the first take profit at 2090 yesterday, and in the middle of the night, it rebounded again at our replenishment position of 2040. Here, the bull-bear dividing line for Ethereum is near 2095; only if the hourly closing exceeds this level can it turn from weak to strong, allowing us to see the pressure at 2145.

In summary, the recent market has come to the time to test the function of this trend line again. A further breakdown would signify a new round of downward trend. Therefore, the inability to effectively rebound recently is something to be nervous about; several positions on the short term may determine the offensive and defensive characteristics of the market. In these days, it is advisable to pay more attention to right-side operations, which are relatively safe.

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