On 26/03/17, Bitcoin and Ethereum both broke through. Be careful not to fall back again, the risk for gold in the U.S. has increased.
Bitcoin broke through the triangle, Bitcoin is relatively weak with a high spike reaching 76000 but currently still low volume, Ethereum broke through 2200 and reached a maximum of 2385, the MACD is above the zero line and charging up, continuing to rebound while facing resistance from MA120 and the downward trend line.
The three U.S. stock indices are currently in a downward trend and have not yet hit the bottom, patience is required. According to the predictions from January, there is a probability of retesting last year's high point for support.
Gold and silver are still in a high volatility, I reminded early on that the higher gold rises, the greater the risk. Despite global turmoil and various uncontrollable factors, we still need to follow the market trends. The first viewpoint is that we are getting closer to historical highs and phase highs; if it falls below 4400, it is considered a historical peak. If it recovers above 4400, it is a phase adjustment and will rise again.
Bitcoin
Spike broke through the 74000 pressure, peaking at 76000 but is currently not a valid breakthrough. Caution is needed; if it falls back below 74000, it is a false breakout similar to the rebound to 98000.
Currently, the daily rebound is under pressure from MA60, the MACD has been above the zero axis with a trend of charging up, but needs to be observed. The fast and slow lines are moving up, and the OBV indicator has broken through the yellow line.
Support: 70000—72000
Resistance: 82000—85000
Ethereum
The daily rebound is a bit stronger than Bitcoin, and it has broken through the triangle, peaking at 2385. Currently, it is above MA60 and facing upward pressure from MA120 at the price of 2657, which is also close to the downward trend line.
Volume is decreasing, the MACD histogram is above the zero axis, the fast and slow lines are moving up, and the OBV indicator has broken through the yellow line. The ETH/BTC exchange rate is also rebounding upward.
Altcoins: CHZ, ZEN, OKB are performing well.
Support: 2120—2200
Resistance: 2575—2770
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The article is time-sensitive and for reference only, real-time updates.
Focusing on candlestick technical analysis, sharing global investment opportunities. Public account: BTC Trading Lord Fusu
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