3.26 Afternoon Market Trend Analysis
Yesterday's Bitcoin movement was largely in line with expectations. After rising to 72,000, it faced resistance and pulled back. This morning, it rebounded again to around 71,600 but still faced downward pressure. Currently, the price remains below the key resistance zone of 71,600-72,400 and is trading above the trend line. Overall, it shows a converging oscillation pattern. The long-term view remains unchanged. In the short term, focus on buying low and selling high, mainly short-term swings!
Today, for Bitcoin, watch the 70,800 level. Only if the hourly closing stays above this level will the rebound have strength. For another upward move, watch the resistance around 71,600-72,400-74,000.
If the hourly closing cannot stay above 70,800, it indicates the price cannot go higher and may decline again. Support levels below are around 68,924-67,360-65,616.
For Ethereum, focus on the 2,150 level today. Only if the hourly closing stays above this level can it continue to rise. For another upward move, watch the resistance around 2,198-2,250-2,295.
If the hourly closing cannot stay above 2,150, it indicates the price cannot go higher and may decline again. Support levels below are around 2,102-2,060-2,022.
For Solana, focus on the 90.8 level today. Only if the hourly closing stays above this level will the rebound be strong. For another upward move, watch the resistance around 92-95-97.
If the hourly closing cannot stay above 90.8, it indicates the price cannot go higher and may decline again. Support levels below are around 88-85-82.