March 24th Market Analysis from LBank Derivatives

BTC

In recent trading sessions, Bitcoin (BTC) has experienced a short-term price rebound, as it currently tests the resistance level at $28,800.

If the price fails to break through this resistance, there is a possibility for another decline in the coming days. Key support levels to watch are $26,800 and $25,300.

On the other hand, if the price successfully breaks the $28,800 resistance, it may signal a continuation of the uptrend. In this scenario, the next resistance levels to monitor are $29,500 and $30,400.

ETH

Similarly, Ethereum (ETH) has also seen a short-term price rebound, testing the resistance level at $1,845.

If the price cannot break through this resistance, the market may experience another decline, with support levels observed at $1,715 and $1,635.

However, if the price surpasses the $1,845 resistance level, it could indicate a continuation of the uptrend. In this case, the resistance levels to watch are $1,880 and $1,920.

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Disclaimer: The opinions expressed in this blog are solely those of the writer and not of this platform.