Analysis of the BTC, ETH market on March 17: BTC, ETH highlights of the day
Market Review
Yesterday, BTC remained volatile, and the 4-hour chart has shown stabilization, but the momentum is not strong, the downward momentum on the daily chart has weakened, and it is expected to remain volatile during the day, wait patiently, the long-term trend is still expected, maintain confidence,
ETH followed BTC to consolidate synchronously, the amplitude is not large, the bottom oscillation range has been formed, it is expected to continue to consolidate during the day, maintain volatility, light follow-up can be considered,
Altcoins followed the mainstream to consolidate synchronously, most currencies maintained bottom oscillation and started to stabilize, follow-up can be considered, the activity on the BSC chain has increased, BSC ecological currencies can be considered, it is suggested to hold CAKE and BAKE, with upside expectations, the new platforms recently that can be followed are Odin on the BTC chain and TIME on the SOL chain, new platforms and new opportunities, you can join the community group to discuss, for the held currencies, wait patiently for the market to warm up
Highlights of the day:
BTC: The 1-hour and 4-hour levels have returned to a healthy level, the daily level is below the healthy level, it is expected to consolidate during the day, the long-term trend is still expected, the downside support during the day is 82000-82500, and the upside resistance is 84500-85000
ETH: The 1-hour and 4-hour levels have returned to a healthy level, the daily level is below the healthy level, it is expected to consolidate during the day, the downside support during the day is 1830-1880, and the upside resistance is 1970-2020
