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Analysis of BTC/ETH Market on the Evening of March 29
After a sharp rise and pullback during the day, BTC and ETH continued to weaken and fluctuate lower in the evening. Prices broke below short-term moving average support, indicating increased bearish sentiment. The 15-minute MA7 continued to cross below MA30, forming a death cross. Trading volume gradually increased with the decline, and the short-term bearish trend has not yet reversed. The market is likely to oscillate downward in the evening, with attention to the support levels below to see if they can hold.
BTC Trading Suggestions: Cautiously consider short positions around 66,000-66,400, with targets at 67,500-68,000, and a stop-loss below 65,900. If a rebound faces resistance above 67,000, consider following the short position downward, with targets at 65,800-66,000, and a stop-loss above 67,500.
ETH Trading Suggestions: Try short positions around 1,975-1,985, with targets at 2,010-2,025, and a stop-loss below 1,965. If a rebound faces resistance above 2,020, consider following the short position downward, with targets at 1,960-1,970, and a stop-loss above 2,030.
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