Weekend markets are likely to be dominated by sideways consolidation, with reduced trading volume. Yesterday's market oscillated around 2100, pulling back to around 2060 before showing modest rebounds. This morning's volume is even lower than yesterday... However, generally in the afternoon, some institutions will predict next week's market trend, and the market will begin to move...
Currently, the market still hasn't broken through the oscillation range. Short-term support below is at 2000. If the oscillation fails to break through, the probability of a market rebound will increase. Short-term resistance above is at 2200. If it breaks through and stabilizes, there will be additional room above... The trading strategy remains pullback positioning for long entries...
Today's Trading Recommendation: Focus on buying on dips
ETH First Support Level 2060 / Second Support Level 2020 First Resistance Level 2140 / Second Resistance Level 2200
Disclaimer: Personal suggestions are for reference only and do not constitute a basis for buying or selling. Trading involves risk. Always use stop losses when opening positions.
March 15 Market Analysis
Weekend markets are likely to be dominated by sideways consolidation, with reduced trading volume. Yesterday's market oscillated around 2100, pulling back to around 2060 before showing modest rebounds. This morning's volume is even lower than yesterday... However, generally in the afternoon, some institutions will predict next week's market trend, and the market will begin to move...
Currently, the market still hasn't broken through the oscillation range. Short-term support below is at 2000. If the oscillation fails to break through, the probability of a market rebound will increase. Short-term resistance above is at 2200. If it breaks through and stabilizes, there will be additional room above... The trading strategy remains pullback positioning for long entries...
Today's Trading Recommendation: Focus on buying on dips
ETH First Support Level 2060 / Second Support Level 2020
First Resistance Level 2140 / Second Resistance Level 2200
Disclaimer: Personal suggestions are for reference only and do not constitute a basis for buying or selling. Trading involves risk. Always use stop losses when opening positions.