Is#BTC#ETH brewing a major correction?
——Orca Club market data broadcast on March 31:
On-chain data shows that the market's pallet strength is weakening, the selling pressure on#BTC#ETH is also weakening, and the long and short forces have not changed much. The market still maintains a slightly volatile trend.
#BTC#ETH is showing opposite emotional support. #BTC's bullish sentiment will gradually begin to dominate in the coming week, while #ETH's short sentiment will begin to dominate.
#BTC#ETH contract open interest has remained unchanged from the previous high, while funding rates and lending rates show that the power of bulls continues to fall.
Short-term support level 68974, 68224
Short-term pressure level 71100, 71850
Mid-term support level 67284, 62896
Mid-term pressure level 73135
The above information is for reference only and does not constitute investment advice.