Gu Jingci: Bitcoin/Ethereum Market Analysis (March 28)

Bitcoin/Ethereum experienced a rapid decline after its initial surge, with the daily chart showing two consecutive bearish days and breaking through previous lows of 67300 and 2020, indicating a weak overall trend. Currently, the price has rebounded somewhat; the strength and sustainability of this rebound will be crucial, and the 67500 and 2050 levels need to be monitored. Only a break above these levels can confirm stabilization. The recent candlestick pattern shows consecutive small bullish candles, indicating a short-term rebound or consolidation after a significant drop. However, the small bodies of these candles suggest limited upward momentum and significant resistance above. Current trading volume is far lower than the previous two days, indicating a lack of sustained buying support. Technically, the DIF line has crossed above the DEA line, forming a golden cross, and the MACD histogram has turned positive, suggesting short-term upward momentum. However, both the DIF and DEA are below the zero line, indicating that the overall trend remains bearish, and the current rise is more likely a rebound within a downtrend. Currently, the key psychological levels of 67500 and 2050 act as short-term resistance. If the price breaks through these levels, 2100 will be the next strong resistance area, approaching the 1-hour range and forming even stronger medium- to long-term resistance. Potential support levels to watch are 65500 and 1950, with more significant support levels at 64500 and 1900.