March 19 Market Technical Analysis



The Federal Reserve kept rates unchanged. Yesterday's market moved as expected - US stocks plummeted sharply after opening. I've consistently mentioned that for a confirmed significant uptrend, two conditions must be met: first, a sharp selloff to liquidate overleveraged long positions; second, geopolitical war factors must be resolved. Last night's decline was partly due to escalating tensions, but the market is also experiencing the darkness before dawn…

From a technical perspective, the market hasn't broken the critical 2140 support level, so the bullish trend remains intact. As long as there's some positive news catalyst, I still see the key resistance at 2550 above…

Today's Trading Recommendation: Focus on buying at lows

ETH First Support: 2168 | Second Support: 2140
First Resistance: 2270 | Second Resistance: 2330

Disclaimer: Personal suggestions are for reference only and do not constitute trading advice. Trading carries risk - always use stop losses.
ETH-3.89%
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