3.16 BTC, ETH Weekly Review

BTC
The weekly chart closed with a large bullish candle, recovering the losses from the previous four weeks. During this period, I've been highlighting this level with everyone, and from various indicators, this is an opportunity for batch dollar-cost averaging. Currently, the daily chart has reached a critical line between bulls and bears. The strong resistance above this level is around 73,500. As long as this level holds, and the fast/slow lines can stay above the zero axis, it indicates there is still room for upside. Breaking through 73,500 requires careful attention to the 78,500 to 81,000 range.

Summary: All timeframes below the daily level are in bullish territory, so the key focus right now should be on changes in the daily chart structure. In summary, as long as this level doesn't break below 70,800, we continue to look for an upside bounce.

ETH
Ethereum's level has already engulfed the losses from the previous four weeks. Currently, this level remains a bounce after oversold conditions. From the daily chart perspective, it has already broken through the neckline level around 2,130. So on the next pullback to 2,130, that would be an opportunity. From the current chart structure, the direction remains upward. The key focus is still on the daily level and whether it can continue the bullish trend. If the fast/slow lines can stay above the zero axis, we can watch the 2,350-2,600 range above.

Summary: As long as 2,130 doesn't break, we continue to look for a bounce.