The monthly line is about to close, and fluctuations will be significant, so attention is needed. The monthly line has rebounded to half of February's large bearish candle, and the strength of the rebound next month is crucial. 100,000 remains a key watershed; if it can hold, we can continue to look for a rebound. The weekly line is likely to close as a doji star, which is similar to last year's drop to the lower Bollinger Band and subsequent rebound. If it breaks the middle band again, caution is required.
The beautiful valley opened with a pullback, but as of the time of writing, there has been a spike; pay attention to whether it can continue to rebound upwards. The tense situation between India and Pakistan and the rebound of the dollar index have previously been mentioned regarding the negative correlation between the two.
Bitcoin
The daily line has been in a narrow range of fluctuations for about a week, between 91,600 and 96,000. From the perspective of wave theory, even if it can break through in the short term, it won't go high. There is a possibility of falling back after a breakout; we should still look at the 4th wave correction of the 5-wave structure before considering further.
In terms of naked K, it has rebounded to below the pressure level of the platform that was broken in February. In terms of moving averages, there is a potential duck-bill shape, still leaning towards a pullback to add positions.
Support: 89,600—91,600
Resistance: 96,000—100,000
Ethereum
The monthly line has dropped to near the lower Bollinger Band and is rebounding. The weekly line has a morning star, and the daily line has been in continuous fluctuation for 9 days; in the short term, there may be a pullback or spike, but the outlook remains bullish.
The ETH/BTC exchange rate has flattened after a spike; pay attention to the opportunity for a rebound if it spikes down again. Expect Ethereum to catch up, and for altcoins like SUI, SOL, STX, TRUMP… there are good opportunities to get in after a correction.
Support: 1,677—1,722
Resistance: 1,857—2,100
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The article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Official account: BTC Trading Prince Fusu
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