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Analysis of Bitcoin and Ethereum market on March 22: What to watch for BTC and ETH today

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Market Review

Yesterday, BTC maintained a consolidation, with a healthy 4-hour trend. After stabilizing above the previous oscillation range's upper edge (84,000), the expectation for continued upward movement is high. The pullback support zone can be considered for entry, with the long-term expectation still intact. Maintain confidence.

Ethereum followed BTC's synchronous consolidation. Those who previously entered can wait patiently. With a daily stabilization above 1,950, the expectation for continued upward movement is high.

Altcoins followed the mainstream synchronous consolidation with limited fluctuations. Most cryptocurrencies are still maintaining bottom-level oscillation and beginning to stabilize. Consider following. BSC chain activity is increasing, and BSC ecosystem coins can be considered. Recently, new platforms on the chain worth noting include Odin on the BTC chain and TIME on the SOL chain. New platforms bring new opportunities. Join community groups to discuss. For existing positions, patiently wait for market recovery.

Today's Focus:

BTC's 1-hour and 4-hour levels return to healthy levels, while the daily level remains below healthy levels. Intraday expectation is for consolidation and pullback followed by continued upward movement. Long-term expectation remains intact. Intraday lower support: 83,500-84,000, upper resistance: 86,500-87,500

ETH's 1-hour and 4-hour levels return to healthy levels, while the daily level remains below healthy levels. Intraday expectation is for consolidation and pullback followed by continued upward movement. Intraday lower support: 1,920-1,970, upper resistance: 2,060-2,120

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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