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3.20 Technical Analysis Favourable Information for BTC as the dot plot indicates interest rate cuts, following the rise of US stocks. The US Spot BTC ETF has seen net inflow for three consecutive days #Gate动态 .
BTC daily line yesterday rose from the lowest around 82550 to the highest around 87050, closing near 86850. The support below is near MA200; if it breaks, it can be seen down to MA14. A pullback can be taken to enter long positions nearby. The resistance above is near MA30; if it breaks, it can be seen near 90000 points. MACD bullish increment. The support below on the four-hour chart is near MA120; if it breaks, it can be seen down to MA30. A pullback can be taken to enter long positions nearby. MACD bullish increment. A golden cross is formed.
The daily line for Ethereum yesterday rose from a low of around 1925 to a high of around 2070, closing at around 2055. The support level is near the MA7 moving average; if it breaks down, we can look towards around 1865. A pullback can be used to enter long positions nearby. The resistance level above is around 2110; if it breaks through, we can look towards the MA30 moving average. A rebound to nearby can be used to enter short positions. The MACD shows increasing bullish momentum, forming a golden cross. The support level on the four-hour chart is near the MA14; if it breaks down, we can look towards the MA60. A pullback can be used to enter long positions nearby. The resistance level above is around MA120; if it breaks through, we can look towards around 2100. The MACD shows decreasing bullish momentum.