March 15th Market Analysis from LBank Derivatives
Bitcoin (BTC) has broken through the $24,000 mark and has continued to rise in the short term.
As long as the price does not fall below this level during a subsequent pullback, there remains a possibility for further upward momentum. Key resistance levels to watch are $26,800 and $27,660.
However, a pullback could be triggered if the price breaks below the $24,000 level, with support levels to watch at $22,700 and $21,350.
Ethereum (ETH) has breached the $1,660 mark and has continued to climb in the short term.
If the price does not fall below this level during a future pullback, further upward movement is still possible.
Resistance levels to watch are $1,810 and $1,870. If the price breaks below the $1,660 level, a pullback may be initiated, with support levels to monitor at $1,580 and $1,470.
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Disclaimer: The opinions expressed in this blog are solely those of the writer and not of this platform.