After the troubles and bankruptcies of Silicon Valley banks, traders began to sell high-risk assets. The S & P 500 index plummeted 4.55 per cent. BTC) is down about 9 per cent this week.

The bankruptcy of SVB caused difficulties in the login password area, and the dollar coin (USDC) lost its influence associated with the dollar, due to reports that Circle's $40 billion reserve contains $3.3 billion owned by SVB. After trading close to 87 cents on March 11, USDC soared above 96 cents at the time of its release.

The bankruptcy of SVB has increased its volatility for a short time, and investors are paying close attention to any signs of the spread of the epidemic to other regional banks abroad.

When there is no clear stage, it is best to stay out of it. But if the collapse of SVB does not have a domino effect, some digital currencies may begin to recover. The digital currencies chosen in this paper are bought and sold above the 200-day simple moving average, which is also a key level for long-term investors to confirm that property is in a big bull market or a bear market.

Let's take a look at the data charts of Bitcoin and four alternative currencies, which are likely to perform better if the field recovers in the next few days.

Bitcoin market

BTC has already been adjusted to 200d SMA ($20389). Customers are expected to do their best to defend this level, as falling below that level is likely to increase sales.

In the upswing, moving the 20-day index moving moving average ($22042) will be a key obstacle. If the price falls sharply in the 20-day moving average, the BTC/USDT pair is likely to retest the 200-day moving average support line. If that level falls below, the pair is likely to fall to $18400 and then to $16300.

If the double needs to stop the decline, he will be forced to push the price above the 20-day moving average. If they succeed in achieving the extreme, the currency pair could take advantage of the momentum and rush to the top pressure level of $25250.

The four-hour chart shows that the duo is trying to bounce back from $19550, but the bears are actively defending the 20 moving average. If the price of gold falls from its current level, bears will try again to break the pair below $19950. If they succeed, the pair is likely to fall to $18400.

Conversely, if the price is raised and the 20 moving average is raised, it will show that the selling pressure is likely to have been reduced in the short term. It may gradually warm up to $21480, and bears will once again form a strong test. If it rises above that level, the currency pair is likely to reach $22800.

ETH/USDT

Medical ether (ETH) fell below its 200-day moving average ($1421) on March 10, but the long tail on the candle table that day indicated solid buying at lower levels.

The rebound encountered friction around $1461. If the price of gold falls from its current level and moves its moving average for 200 days, it will show that shorts have been sold in a shallow rebound. This will increase the probability that the price of oil will fall below $1352. Subsequently, ETH/USDT rates are likely to fall to $1100.

If the duo needs to stop the decline, he will be forced to push the price above the 20-day moving average ($1548). If they do this to the extreme, the currency pair could rise to $1743, and the bears may once again create a strong problem. Raising this level is also likely to rise to $2000. Open the door.

The four-hour chart shows that the currency pair is trying to rebound. The 20-day moving average leveled off, and the relative strength index (RSI) was slightly lower than the exchange rate midpoint, indicating the balance between supply and demand.

If the customer pushes the price up and keeps it at around 1500 yuan, the equilibrium will be skewed in a direction that is beneficial to buying home. If they guarantee this, the rebound could exceed $1600. On the other hand, if the price turns down and falls below the rising trend line, the advantage is likely to skew towards the bears. Subsequently, the currency pair is likely to retest the strong support line of $1352.

Ma Jiqi / UN Food and Agriculture Organization

POLYGON adjusted sharply from $1.56 on Feb. 18 to its 200-day moving average ($0.94) on March 10, when the long tail on the candle table showed that the two heads had fiercely defended that level.

Duo will try to push the price up to the 20-day moving average ($1.15), where bears are likely to have a strong defensive force. If the price of gold falls from this level, it will show that market sentiment is still negative and traders have sold at high prices.

This increases the chances of falling below the 200-day moving average. If this happens, the Marjic / US dollar could fall to US $0.69.

Conversely, if the customer pushes the price above the 20-day moving average, it will show that the duo is driving again. Subsequently, the currency pair is likely to rise to the head pressure level of $1.30.

From $0.94 to the 20-EMA. This is a major level of great concern, and if the price continues to rise above this level, the currency pair is likely to rebound to $1.15.

This level is likely to become a strong friction resistance again, so if the double head alleviates the next wave of decline above $1.05, it will indicate that the downtrend is likely to be over. It may open the door as the price of oil is likely to rise to $1.30.

If the price of gold turns down and falls below the support line of $0.94, such proactive views will be ineffective for a short time.

T / USDT

Although most key digital currencies have already fallen to or less than 200-day SMA, Toncoin (Ton) is still well above that level. This shows that traders are not in a hurry to withdraw.

TON/USDT produces a symmetrical triangular layout for pressing the periphery of a local area. The price of the internal market of the triangle is arbitrary and variable.

In general, the triangle is used as a continuous pattern design. This means that the development trend that has existed since the time of the layout has been restored. In this case, if the customer kicks the price above the triangular resistance line, the currency pair is likely to move towards $2.90.

Conversely, if the price falls again and falls below the triangle and 200-day moving average ($1.90), it will show that bears are dominant. It could push the price of oil to $1.30. This movement will show that the personal behavior of the triangle is like a flip setting.

The slanted 20-moving average and the RSI in the negative area of the four-hour chart show that bears have an advantage. If the price of gold falls from its current level and falls below $2.18, the decline is likely to widen to $2.

Conversely, if the double head promotes and maintains the price above the 20 moving average, it will indicate that the double head is trying to start over. Subsequently, the currency pair could rise to $2.45, and bears are likely to have a strong defensive force there. If you raise this level, the duo will try to improve the triangle around $2.50.

OKB/USDT

OKB is in the process of adjusting, but the good news for both heads is that it is well above the 200-day moving average ($26).

The next support point for the slide is 50% Fibonacci backgear of $36.13, followed by 61.8% backgear of $30.76. Double heads may do everything they can to maintain the area.

If prices pick up in this area, OKB/USDT pairs are likely to rise to the 20-day moving average ($45.48). This is a major level of great concern, as raising and closing above this level will most likely mean that the adjustment process is over.

On the other hand, if the price of gold falls below $30.76, it will be a sign that traders are scrambling to withdraw. Subsequently, the currency pair may fall to the 200-day moving average.

The slanted 20 moving average and the RSI in the negative region in the four-hour chart show that bears have an advantage. There are a few support points around 37.50 yuan, so if you abdicate, the currency pair is likely to reach $36.13.

Conversely, if the price increases and raises the 20 moving average, it will show that Shuangtou is trying to regain control. Subsequently, the currency pair is likely to rise to $44.35. This is also the main friction resistance that bears need to be wary of, as once taken out, the price may exceed $50.