Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. The journey may be arduous, but don't forget the original intention, and you will eventually succeed.

2024.3.24 BTC————————

Bitcoin meets Qin Chuan's expectations. The weekend will be a time for low-level oscillation and fund absorption. Strictly speaking, Bitcoin at the daily level is in a bearish dominant state. The resistance at 64888 on the daily chart is still effective, so the overall price is within a bearish downward space. Additionally, Bitcoin's price has entered a convergence phase at the daily level, and the turning point is likely to be in the early trading session on Monday. The chart indicators show a very nice bullish pattern, with the potential for a golden cross at the bottom of the KDJ after the contraction of the MACD volume. However, it is not suitable to blindly pursue long positions at the moment. In the short term, the price is running in a downtrend channel on the four-hour chart, with resistance near 65100. For short-term layout, attention can be focused near 65100, with support at 61500. On the hourly chart, support around 63400 should be noted, and the price is in a oscillating market. In summary, it is suggested to sell high and buy low around 65100-63400 for Bitcoin over the weekend.

2024.3.24 ETH————————

Ethereum is clearly in a bearish state at the daily level, with the first selling pressure near 3390. If Bitcoin's price leads the breakthrough of 64800, then the daily resistance for Ethereum should be around 3550. Similarly, the MACD shows a bearish trend with shrinking volume, and the KDJ has the potential for a golden cross at the bottom, but the overall bearish sentiment on the candlestick chart is hard to conceal. On the four-hour chart, the price is maintaining a downtrend within the Bollinger band and tends towards a Bollinger oscillating market, with high resistance around 3430. In conclusion, it is suggested to position short around 3390-3430 for Ethereum over the weekend, and maintain a stable short position for observation.

This article is exclusively created by senior analyst Qin Chuan, who has been researching in the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. for many years. Currently, he mainly guides contract operations, with solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control, and has a steady and decisive operating style. He is recognized by many investment friends for his amiable and responsible character and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, please follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk. Investment carries risks, so be cautious when entering the market.

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