# 3.22 Technical Analysis: Is BTC and ETH Weekend Wick Good or Bad?

During this weekend's market movement, we saw a wick like this. While it's not typically considered a significant fluctuation in normal circumstances, for futures trading, this wick is somewhat annoying. BTC directly wicked down to around 68, while ETH hit support near the 2060 level. In my previous analysis, I mentioned that when BTC is at 69, ETH's corresponding position should be around 2060. This has now played out. Currently, BTC has wicked below 69 to 68, but the overall direction hasn't changed. We're still in a range-bound rebound scenario, so we can continue to expect a rebound next week. This fluctuation isn't actually a significant move.

**For BTC:** This wick reached around 68 level. The key support to watch is around 68. If the market rebounds and stabilizes above 70, the subsequent trend still shows continued rebounds. Keep an eye on 716-722 as the first resistance zone, and 736 as the second key resistance point. A breakthrough and consolidation would target the 76-80 range. However, if the market fails to break upward in the next couple of days and completely breaks below 68, then be cautious—further downside could follow.

**For ETH:** This wick reached exactly the 2060 support level, which was a level that should have been reached. Recently when BTC declined, ETH hovered around 2100 and didn't touch this 2060 level until now. Based on ETH's trend, this movement is within normal parameters and didn't exceed expectations. The current support is at 2060. Upside resistance to watch is the 2180-2250 zone. Over the weekend, 2180 was nearly touched twice—first reaching 2176, then 2168 before retreating, without fully breaking this resistance zone. Pay attention to this resistance. If it breaks and consolidates above 2260-2320, we can then directly watch the 2500-2600 key level.