From the LBank blog.
In recent trading sessions, Bitcoin (BTC) has experienced a short-term price rebound, as it currently tests the resistance level at $28,800.
If the price fails to break through this resistance, there is a possibility for another decline in the coming days. Key support levels to watch are $26,800 and $25,300.
On the other hand, if the price successfully breaks the $28,800 resistance, it may signal a continuation of the uptrend. In this scenario, the next resistance levels to monitor are $29,500 and $30,400.
Similarly, Ethereum (ETH) has also seen a short-term price rebound, testing the resistance level at $1,845.
If the price cannot break through this resistance, the market may experience another decline, with support levels observed at $1,715 and $1,635.
However, if the price surpasses the $1,845 resistance level, it could indicate a continuation of the uptrend. In this case, the resistance levels to watch are $1,880 and $1,920.
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Disclaimer: The opinions expressed in this blog are solely those of the writer and not of this platform.
This article came directly from the LBank blog, found on https://lbank-exchange.medium.com/march-24th-market-analysis-from-lbank-derivatives-981ba7f3c316?source=rss-87c24ae35186——2