"3.31 Market Analysis: The Trend Is Approaching a Turning Point, The Final Battle Between Bulls and Bears Is Coming!"

Yesterday's market movement was again a rise followed by a fall. The chief's Ethereum short positions (big pancake) are mostly in profit now. The morning's rally reached the resistance zone of 682-684 mentioned yesterday and then pulled back. On the daily chart, the trend line we've been discussing has not yet been confirmed. On a smaller timeframe, the big pancake formed an ascending wedge, and the direction choice here will definitely influence the trend line selection on the daily chart. Therefore, once the wedge on the smaller timeframe breaks downward, be cautious of resonance with the daily trend line, signaling a true downtrend. The final battle between bulls and bears is about to begin!
$BTC Keep an eye on when the wedge in the chart breaks downward. Based on the chief's experience, this type of pattern is likely to break. Watch whether the pressure at 68,900-69,450 gets pierced; if it does, it could be a good shorting opportunity. Support below is at 65,300.
$SOL Sora mentioned yesterday that the resistance was at 85, and it was pulled back after hitting it. Sora's momentum is relatively weak, with little room for trading. The resistance at 85 has now moved up to 86.2, with support at 80 below.
$ETH Today's Ethereum resistance levels to watch are at 2115 and 2140. Support is at 1970. If 1970 isn't pierced and rebounds, be cautious of continued downward movement.
In summary, the current trend indicates that the sideways movement cannot last much longer. The final battle between bulls and bears will kick off in the next couple of days, and there isn't much time left for the daily chart to choose a direction. We prefer to bet on the breakdown of this wedge for higher cost-effectiveness, stay defensive, and leave the rest to the market makers. Click to join the chief's community (Follow the chief for daily market analysis and precise entry points. Bulls and bears are for reference only. Strict stop-loss and take-profit). #Gate金手指