LBank Crypto Market Daily (Mar 23)
The intraday high of BTC was at 58,452 yesterday and the lowest was at 56,272. It suffered rejection at 60k amid intense selling pressure, and retraced to 54k~55k for weak support, and the expected strong support level would be at 46k.The falling trend is likely to continue, while following the trend is not advised as it still above the support level. Selling at rallies or closing the position if support at 55k fails to hold. Entering is not advised until hurdles at 60k is taken down.
ETH had a daily high of 1,809.0 yesterday and the lowest was at 1,752.7. The new resistance level moved to 1,800 with a short-term support level at 1,560. Traders are advised to reduce position as the falling trend continues in line with the general market.
The daily high of BCH was 539.6 and the lowest was 512.9. The resistance at 550 was strong and hard to be penetrated again. The short-term support level was at 430. The market will go down as expected. Traders who has closed position can go short when the price rebounds to around 520.
The daily high of XRP was 0.5900 yesterday with the lowest being 0.4969. The resistance level was at 0.5300 with intense selling pressure and the short-term support level was at 0.4300. Entering is still not advised.
The daily high of DOT was 37.76 yesterday with the lowest being 35.68. The resistance level was 39 and the support at 32 was weak. The short term trend is going down and holding is not advised.
The daily high of UNI was 34.56 yesterday with the lowest being 31.76. The short-term resistance level was at around 35 with a quite strong support at 27.50. It will be under correction if support at 32 fails to hold. Entering is not advised.
The intraday high of LINK was at 29.87 yesterday and the lowest was at 28.66. It suffered rejection at around 32 amid intense selling pressure, and retraced to 26.50 for short-term support. If support at 26.50 fails to hold, LINK is likely to extend the bearish leg. Traders still holding are recommended to close position at rallies.