TECHNICAL ANALYSIS
BTC/USDT
March underscored the strong correlation between crypto and traditional markets. The combined market cap of 14 publicly traded Bitcoin mining firms dropped nearly 25%, erasing $6 billion in value, while Bitcoin faced sharp pullbacks. Meanwhile, UK trade bodies urged the government to prioritize crypto as a "strategic priority." Market attention now turns to US tariff announcements, which may influence BTC’s trajectory—though much of this impact may already be priced in.
Technical Outlook:
BTC’s two-week uptrend has faltered, with prices testing the critical 83,500 support level. After four consecutive 4-hour candles closed near this zone, selling pressure intensified, driving BTC down to 81,300. A rebound followed, fueled by bullish signals on the Wave Trend Oscillator, pushing BTC past 83,500 to test 85,400 (forming a bowl pattern’s handle) before retreating. As of writing, BTC trades at 84,200, but weakening momentum suggests potential downside if tariff news worsens.
- Key Support: 83,500 (breakdown target: 82,400 → 80,000)
- Key Resistance: 86,600 (breakout could reignite upward momentum toward 89,000)
👉 Stay updated on Bitcoin’s latest trends
ETH/USDT
ETH surged to $1,925** yesterday, breaking resistance at **$1,872, but faced rejection and retreated. Spot-market selling drove the decline, with open interest dropping sharply as longs unwound. The Chaikin Money Flow (CMF) remains positive, suggesting lingering bullish liquidity, but the Ichimoku indicator signals short-term weakness after the price fell below the tenkan line.
- Immediate Support: 1,822 (major level; breakdown risk below 1,872)
- Resistance: 1,964 (Ichimoku cloud resistance if 1,872 is reclaimed)
XRP/USDT
XRP’s downtrend persists, with rejection at $2.21** resistance leading to a drop to **$2.07. The RSI and CMF indicate weakening momentum and liquidity outflows.
- Critical Support: 2.02 (breakdown may target 1.89)
- Resistance: 2.21 (uptrend unlikely without reclaiming tenkan/kijun levels)
SOL/USDT
Solana faces headwinds despite ecosystem growth (e.g., Circle’s 250M USDC minting on Solana). SOL failed to breach the 50 EMA resistance, reigniting bearish momentum.
- Support: 120.24 (bullish opportunity if held)
- Resistance: 138.73 (breakout needed for recovery)
👉 Explore Solana’s market dynamics
DOGE/USDT
DOGE plunged after Elon Musk distanced Tesla’s efficiency efforts from the meme coin. Pricing below the 200 EMA and 0.18954 support signals further downside.
- Support: 0.16203 (last defense before deeper corrections)
- Resistance: 0.18954 (reclaiming this level is critical for bulls)
FAQ
Q: Why is BTC sensitive to traditional market movements?
A: Institutional investment has tightened correlations; macro events (e.g., tariffs) impact liquidity and risk appetite.
Q: Can ETH rebound above $1,900?
A: Yes, if CMF sustains positivity and spot buying resurges at $1,872 support.
Q: What’s driving SOL’s decline?
A: Failed EMA breakouts and balanced volume suggest bearish control despite ecosystem news.
LEGAL DISCLAIMER
This analysis is not investment advice. Consult authorized advisors to align strategies with your risk profile. General recommendations may not suit individual financial goals.