3/15 Market Trends | After yesterday’s slight correction, the market did decline. Although altcoins once remained strong, it can be seen from the daily closing prices that they have begun to show weakness. At present, the price of Bitcoin has fallen below this week's opening price, and has once again fallen below the previous historical high price, indicating that the market will face significant selling pressure tomorrow morning. What needs special attention is whether the market can regain its footing above the weekly opening price of $69k. Stabilizing this line means that the market may continue to be bullish. As long as the price remains below $69k, we should remain cautious on the market. The next support levels to watch are $64,850 and $63,500, and I don’t expect the price to fall below these levels in the event of an extreme sell-off.
Currently, Bitcoin and Ethereum’s performance has turned negative this week, with some altcoin lows hitting levels seen in recent sell-offs. No matter how the market changes next, this will be an excellent buying opportunity. We should wait patiently and look for the opportunity to enter.
I will post some altcoin analysis and lightening prices on Monday
