3.27 The latest trend today is already very clear



$ETH The weak rebound has ended, beware of the bears preparing for a second drop
$BTC Also in a slow decline, once 68000 is broken, it could accelerate downward

In the past two days, news of negotiations between the US and Iran has been frequent,
Market risk aversion has increased, and risk assets are under overall pressure

Last night, a volume breakout occurred; this is just a technical correction after a decline,
There are no signs of a reversal.

One sentence:
A rebound is not an opportunity, but a trap.

Current key levels:
2100 Strong resistance

2075 Rebound test resistance (currently testing)

2050 Bull-bear dividing line

2035 Short-term support

2000 Key psychological level

Trend analysis:
If 2075 cannot hold,

Most likely a retest of 2050,
Then a test of 2035 again,
In extreme cases, it could directly drop to 2000.

The most common mistake now:
Seeing a rebound and thinking it's a reversal.

But in a weak structure,
The usual pattern is:
Rise → Pullback → Breaks lower again

Morning outlook:
Rebound is biased bearish, do not chase longs.

Follow "Trader A Long's Market Watch"
Daily updates on the latest trend $ETH ‌$BTC ‌
ETH0,34%
BTC-0,02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin