March 23 Cryptocurrency Market Volatility: Bitcoin Faces Resistance, Ethereum Struggles, How to Accurately Capture the Wealth Code?

CN
2 days ago

Tracking real-time hotspots in the cryptocurrency world and seizing the best trading opportunities, today is Sunday, March 23, 2025, I am Wang Yibo! Good morning to all crypto friends ☀️ Die-hard fans check-in 👍 Like to make big money 🍗🍗🌹🌹

Overall Market Dynamics: Stable Fluctuations, Continuing Accumulation

In the past two days, the overall market trend has been relatively stable. Due to a lack of stimulating news, market sentiment has shown some signs of rebound. However, judging from the strength, the market is still in the accumulation phase. Additionally, with the holiday season, market makers tend to transition through fluctuations psychologically, which may extend the fluctuation cycle. The price range is expected to remain between yesterday's high and low points. After experiencing a breakout, the market has failed to maintain a stable high position, remaining in a relatively stalemate state.

Bitcoin Market Analysis: Pressure at High Levels, Positive Signals on Chain

Bitcoin has encountered significant selling pressure around $85,000, leading to a certain price pullback. However, on-chain data shows positive signs, with whale addresses continuously accumulating at lower levels, while the Bitcoin inventory on exchanges is decreasing. These signs release a relatively clear bullish signal.

From a macro perspective, short-term factors such as the loosening of SEC regulations, institutional capital inflows, and safe-haven demand all constitute bullish support for Bitcoin's price. However, there are also uncertainties in the market, and one should be wary of potential market fluctuations caused by divergences in Federal Reserve policies and geopolitical conflicts.

On the technical side, if Bitcoin can effectively hold above $85,000, it is expected to further challenge the high of $90,000; conversely, if it falls below $83,000, it may pull back to the support level of $80,000. Given that today is Sunday, the market's fluctuation space during the day is expected to be limited, and the overall operational strategy suggests focusing on low long positions. If pressure is encountered without breaking, a high short strategy can be supplemented, with key operational timing likely concentrated in the evening.

Ethereum Trend Interpretation: Technological Drive, Focus on Key Resistance

The technological dividends of Ethereum 2.0 remain the core driving force behind its price trend. In the long term, the continuous increase in institutional holdings is expected to push its price upward.

In the short term, close attention should be paid to the breakthrough of the $2,050 resistance level and whether trading volume can effectively coordinate with price increases. Currently, Ethereum is fluctuating back and forth within a contracting Bollinger Band range. Combining weekly analysis, the MA30 forms a mid-line resistance, while the daily line is under pressure from the BBI indicator, with moving average indicators showing a bearish arrangement, MACD dead cross moving downward, and trading volume continuously shrinking. The market has shown a lackluster performance over several trading days, with minimal fluctuation, and trading is mostly concentrated in the early morning hours. In the short term, price fluctuation space can only be gained through time. For Ethereum, focus on the $2,020 line, and pay attention to the support range of $1,980 - $1,950 below.

If you are feeling lost—don’t understand technology, can’t read charts, don’t know when to enter the market, can’t set stop losses, don’t understand take profits, randomly increase positions, get stuck in bottom fishing, can’t hold onto profits, miss market opportunities… these are common problems for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profit is worth more than a thousand words; finding the right direction is better than repeated failures. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code below the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. Looking forward to moving steadily forward in the market with you.

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