# Technical Analysis for 3.22: BTC and ETH Weekend Wick - Good or Bad?

In this weekend's market movement, we got a wick like this. While normally it wouldn't be considered a very large fluctuation, for futures trading, this wick is quite annoying. BTC directly wicked down to around 68, and ETH happened to reach the support level around 2060. The recent movement of the second coin hasn't been very large in amplitude. In yesterday's video, I mentioned that normally the position of the second coin corresponding to BTC's 69 level would be around 2060, and this happened directly. As for BTC currently, the wick falsely broke through the 69 level, reaching 68, but the overall direction hasn't changed. We're still in the scope of this range rebound, so we can continue to watch for rebounds next week. These fluctuations are actually not significant movements.

BTC's wick this time reached around the 68 level. Recently, the key focus should be on the support position around 68. If the market rebounds again and can stabilize around the 70 level, the subsequent trend still cannot change - we continue to watch for rebounds. The first resistance level to focus on is the 716-722 range. The second key node is the resistance around 736. If it breaks through and stabilizes, continue watching the 76-80 range. If in the recent two days the market cannot break upward and completely breaks through the 68 level, then attention - the market may need to go lower.

ETH's wick this time happened to reach right around the 2060 level, which is a position that should have been reached anyway. Recently, as BTC came down, ETH kept hovering around 2100, not touching this level area. Based on ETH's trend, this market movement is within normal parameters and hasn't exceeded expectations. The current support level is the 2060 position. Above that, the first resistance level to focus on is still the 2180-2250 range. During the weekend two days, 2180 was approached twice - the first time reaching 2176, the second time 2168 before coming down, without fully touching this range. Pay attention to this resistance level. If it breaks through and stabilizes in the 2260-2320 range, we can then directly focus on the 2500-2600 range node level.