Afternoon of March 26 BTC/ETH Market Analysis



BTC and ETH, affected by the increased expectations of Federal Reserve rate hikes, experienced a deep correction and entered a weak consolidation phase. Prices repeatedly tested near short-term lows, with bearish sentiment still dominant.
Technical indicator analysis on the 15-minute chart shows that both BTC and ETH are displaying a death cross pattern, with MA7 continuously crossing below MA30. Prices are trading below the dual moving averages, indicating that the bearish trend has not fully reversed. Trading volume has gradually decreased with the correction, and rebound strength is limited.
Trend judgment: The short-term bearish trend remains intact, with the afternoon leaning towards weak sideways consolidation. Resistance is at MA7 and previous highs, while support is at recent lows. If broken downward, further decline is expected.
BTC trading suggestion: Short near 70200 to 70600, target 69000 to 69500, stop-loss above 71000.
ETH trading suggestion: Short near 2128 to 2135, target 2000 to 2115, stop-loss above 2140. #贵金属领涨 #eth #btc
BTC-2,89%
ETH-4,72%
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