Bitcoin and Ethereum Latest Market Overview (March 29)
Bitcoin: Hovering around $66,800, $72,500 remains a key resistance
As of March 29, Bitcoin is priced at $66,831, up 1.26% in the past 24 hours. However, the overall trend remains weak and volatile.
On the technical side, $72,500 has become a critical resistance level — this is the realized price after dormant circulation adjustments, and Bitcoin has been trading below this level for nearly two months. Historically, during bear markets, Bitcoin tends to oscillate below this cost basis for 6 to 10 months. If history repeats, the weak trend could persist for several months.
In the short term, the key support zone is between $65,500 and $66,000. Holding this area could allow for a rebound; resistance above is at $68,500–$69,000. A breakout above that would confirm a short-term trend reversal.
Weekend strategy: Light positions around $66,000, aiming for long entries with stop-loss below $65,500; take partial profits on rebounds at $68,500. Wait for weekly close to confirm direction.
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Ethereum: Losing $2000, ETF outflows continue to pressure
Ethereum is currently priced at $2,018, up 1.35% in 24 hours, but the psychological level of $2000 was broken yesterday, with a low near $1,970.
Fundamental factors are the main pressure. Ethereum spot ETF has been net outflowing for 7 consecutive days, with over $158 million withdrawn in the past week. Additionally, whale addresses have reduced holdings by about 180,000 ETH in the past 48 hours, significantly weakening buying support.
On the technical side, the support zone at $1,970–$1,980 is critical in the short term. Holding this could lead to a rebound toward $2,050–$2,080; a volume-driven breakdown could see prices drop to $1,850–$1,900. Notably, Ethereum has gained 2.93% so far in March, marking the first green month since August 2025, but the gains in the second half of the month have been largely erased.
Weekend strategy: Light long positions around $1,970, with stops below $1,950; take profits on rebounds at $2,050. Maintain strict risk control and avoid heavy positions.
$ETH
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Overall Strategy: Focus on defense, wait for confirmation
The current market is in a phase of “emotional recovery but unclear trend.” Bitcoin’s resistance at $72,500 remains unbroken, and Ethereum has lost $2000, with neither leading asset confirming a reversal.
Weekend operations should prioritize defense: small positions at key support levels with strict stops; take profits decisively at resistance levels; keep ammunition ready for next week’s trend confirmation. $BTC
Volatile markets test discipline, not prediction.
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Disclaimer: The above analysis is for reference only and does not constitute investment advice. Cryptocurrency markets are highly volatile; please conduct your own research and assess risks before investing.
