3.18 Wednesday BTC.ETH Latest Market Update

Following recent pullbacks, the market has been oscillating around 74,000, with the daily chart still operating within a wedge structure, and the overall uptrend momentum has slowed. However, the OBV indicator continues to show volume expansion, suggesting that buying pressure is continuously accumulating, with a higher probability of an upward breakout. Once a successful breakout occurs, it is expected to challenge the 78,000-79,000 range, where it will face trend resistance from previous highs; therefore, a trend reversal cannot yet be confirmed at this point.

From a short-term perspective, the market is in a high-level oscillation pattern, with repeated tug-of-war between bulls and bears in the 73,500-74,800 range. 72,200 is a key support level; as long as it is not effectively broken, it can be viewed as bulls accumulating strength for a breakout.

Bitcoin: 72,600-73,600 support, ↑75,800, 78,000;
Ethereum: 2,270-2,300 support, ↑2,380, 2,460.
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