Friday, March 24 - Evening Market Analysis



Intra-day, the market rebounded to around 69,500 in the afternoon, but following Middle East news, it sharply dropped to 66,164. Currently, the market is driven by news sentiment, with prices decoupling from technical structures. News-driven volatility can easily cause significant shifts in market sentiment.

There are no clear signs of stabilization in the current market. In the US session, focus should be on the support level around 66,000. Building a rebound strategy based on this support zone is more prudent.

Trading Recommendations

- Bitcoin: Consider buying in batches around 66,000-65,500, targeting the 68,500-69,000 range
- Ethereum: Buy around 1,960, targeting the 2,100-2,120 range
BTC-4,35%
ETH-3,93%
View Original
post-image
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