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3.16 Bitcoin and Ethereum Trend Analysis and Trading Strategy!

2026-03-16 11:15:41
Shareshare
On the weekly chart, Bitcoin closed with a large bullish candle at 72800, and Ethereum closed with a large bullish candle at 2177. On the daily chart, Bitcoin has risen consecutively to the previous high of 74000, and has now broken through the top of the trading range at 71500. The current resistance level is 73000-74000. If it breaks through here, the bulls will exert their strength and may reach 78500. The support level is 72500-71500. Ethereum has also risen consecutively on the daily chart to around 2288. This time, unlike before, Ethereum's daily candlestick has broken through the top of the trading range at 2150. The current resistance level is 2270-2350, and the support level is 2150-2100. On the 4-hour chart, Bitcoin retraced to support and then rallied again to the previous high of 74,000. This level remains a resistance point; a break above it is needed to open up further upside potential. Support levels to watch are 71,500-72,000. Ethereum broke out of its trading range's top resistance on the 4-hour chart, and the range's top of 2150 has now become a key support level. The recommended strategy is to buy based on these support levels. Trading strategy: Bitcoin: Buy at 72,000-72,500, target 73,500-74,500, stop loss below 71,000; Ethereum: Buy at 2180-2200, target 2260-2300, stop loss below 2140. These strategies are time-sensitive; please refer to the information on the homepage for specific details and private real-time guidance.
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