March 29 Night BTC/ETH Market Strategy

The weekend time passes both quickly and slowly. Bitcoin and Ethereum are moving without much excitement. Currently, it’s clear that news sentiment is dominating. How the US and Iran will ultimately settle their differences directly impacts the development of the subsequent market trend. President Trump’s midterm elections this year are currently polling below expectations, which is actually a positive sign. Since the polls are below expectations, he might create some turbulence to boost his approval ratings. Whether he is sincere or not, at least publicly, he will express support for the digital market. So everyone can look forward to that.

Bitcoin: No change in technical analysis. Keep a close eye on the 67,150 level, which is a key dividing line. Bulls are striving to break above this to find room for 67,700-68,300. The previous range was between 67,150 and 69,000. Below, there are two support zones: 62,888-64,100-65,300, forming two ranges. If there’s an extreme rapid drop or spike, look for opportunities to buy at these support zones. Trading suggestion: As mentioned at the start, since the market is driven by news, both bulls and bears have opportunities. Use resistance and support levels as defense, and participate in both directions.

Ethereum: More flexible than Bitcoin, with clearer technical signals. The major resistance zone is around 2,038-2,075. Once broken, it will form a new resistance level. Near-term minor support is at 2,000-2,015. An important dividing line is at 1,965. If an extreme, low-probability event occurs (such as Iran retaliating causing a sharp drop), consider trying to buy near 1,912.