Bitcoin and Ethereum – market overview, Tuesday, March 7 – CryptoActu

This is getting more and more difficult for the cryptocurrency market after the announcement of the Federal Reserve. The growth of key rates is likely to accelerate, and this will not suit the risky markets! Volatility is expected this week.

Bitcoin Analysis – Medium Term Perspective

Minor changes, although prices are still supported by the Tenkan weekly. The $25,000 resistance has yet to be broken to prove that the buyers are still in the game.

Bitcoin Analysis – Short Term

Prices are included in the daily cloud. Thus, the trend has stopped and a test at $21,600 now seems inevitable. If prices fail to hold at this level, a cloud bottom and the risk of a bearish reversal should be expected.

Bitcoin Intraday Analysis

Prices are clinging to the weak support, which suggests that the sellers are currently holding the market in their hands. We need to get back above $23,300 to turn this around.

Ethereum Analysis – Medium Term

Prices survive thanks to Tenkan’s weekly support. If it lets go, it will be necessary to target the Fibonacci ratio as the next major medium-term support.

Ethereum analysis – short term

Here prices also enter the cloud, which holds back the uptrend. The Fibonacci ratio in the short term will have to play a supporting role in order not to fall under the daily cloud.

Dollar analysis – medium term

Macroeconomics is moving towards the dollar. This allows the latter to continue its strong technical rebound. Prices are flirting with the top of the cloud and are not currently finding medium-term resistance.

Dollar analysis – short term

An exit from the daily cloud will be a strong signal sent by the dollar. Because it will put real pressure on all the markets that are under threat. And that would pave the way for an even bigger rebound to 108 points.

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