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Yueying: Bitcoin and Ethereum Market Analysis for March 24th - If the key level is not broken, continue to expect a downward trend with the latest price action suggestions.

2026-03-24 07:08:44
Shareshare
Bitcoin's daily chart shows a strong bullish candle that recovered the weekend's losses. After breaking through the middle Bollinger Band, it encountered resistance at the 60-day moving average and pulled back, currently trading above the middle band. The Bollinger Bands are flattening with slight signs of narrowing, and short-term moving averages are trending downwards. The MACD fast and slow lines are finding support at the zero line and are flattening with decreasing volume. The KDJ is extending upwards, and the VR indicator is consolidating around 130. On the 4-hour chart, after a rapid rise, the price encountered resistance at the 60-day moving average and the upper Bollinger Band, resulting in a pullback. The Bollinger Bands are flattening, and short-term moving averages are crossing upwards. The MACD fast and slow lines are extending upwards with decreasing volume. The KDJ is turning downwards; watch for resistance around 90. The VR indicator is consolidating around 170. Overall, the price found support around 67000 and rebounded strongly, experiencing a rollercoaster ride. Bulls and bears are repeatedly pulling back within the range. 73000 is a key short-term watershed; a break and stabilization above this level is needed for the bulls to continue their upward trend. Otherwise, the market will remain in a consolidation pattern. Support is seen around 68000. See short-term recommendations. Bitcoin short-term trading suggestions: Short at 72300, Long at 68500 (Manage profits as needed after strategy activation). Ethereum is facing resistance and pullback at the 60-day moving average, mirroring Bitcoin's trend. Treat it as a range-bound market as long as it doesn't break out. Short-term trading can be referenced accordingly. Watch for short-term resistance around 2250 and support around 2000. See short-term suggestions. Ethereum short-term trading suggestions: Short at 2230, Long at 2050 (Manage profits as needed after strategy activation). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
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