Crypto News
March 28th Hot Topics:
- A whale sold 17,768 ETH two hours ago.
- Grayscale: The cryptocurrency market is currently in the middle of a bull market, supported by strong fundamentals and technical factors.
- IBIT from BlackRock had a net inflow of $324 million yesterday.
- Spot Bitcoin ETF had a net inflow of approximately $240 million on March 27th.
- BlackRock CEO: Even if the US SEC classifies cryptocurrencies as securities, it is still possible to launch an Ethereum ETF.
Trading Insights
In the crypto world, losses are not scary, but meaningless losses are; being stuck in a position is not scary, but not handling it correctly and getting deeper is; the market is not scary, but friends who do not analyze the market, blindly follow trends, and make blind trades are. People are watching while you are trading. Seize the opportunity when it arises, and observe when it doesn't. Trading requires courage, and holding requires confidence! Do not expect to buy bottoms and sell tops every time. Avoid greed and panic, and aim to secure achievable profits. Treat every market fluctuation with a calm mind, avoid greed and panic, and do not aim to be an expert at buying bottoms and selling tops. Just follow the trend, make steady profits, and secure your gains! Those who worry and fear will continue to do so, while those who make money will continue to do so. Any situation tests our psychological qualities, and any market follows natural laws; survival of the fittest. Thinking is the problem, doing is the answer; losing comes from hesitation, winning comes from action! This is the market!
Search for the public account: Big White's Crypto Analysis
BTC
Analysis
Bitcoin had little fluctuation in the spot market yesterday. It quickly rose to the 71700 level in the evening and then fell back to the support level around 68430. Currently, the price is running near 69150. A short-term divergence structure has formed on the four-hour chart, indicating a pullback. Pay attention to the support of the 120-period moving average (MA). The MACD is running bearish with a death cross, indicating temporary stabilization but with weak momentum. Watch out for the resistance of the 14-period MA. If it fails to hold, there is still a downside risk. Looking at the daily chart, the candlestick closed bearish, indicating weakened upward momentum and entering a high-level consolidation. There is not much room for downside movement in the short term. The upward trend is expected to continue after the oscillation. Caution is advised for short positions, and it is recommended to focus on buying at lower levels. The resistance above is at 70000-71500, and the support below is at 68400-67000.
ETH
Analysis
The trend of Ethereum is consistent with Bitcoin. In the evening yesterday, the price quickly fell back to around 3460 after briefly reaching the 3665 level, failing to break the previous high. Currently, the price is running near 3475. In the short term, the rebound is weak, and there is a risk of retesting the previous low, with a high probability of breaking down. It is expected to see a small rebound at the 3450 support level. On the four-hour chart, there is significant resistance above, and the candlestick shows a long upper shadow, indicating a strong pullback. However, as long as the price remains above 3450 for four hours, the pullback will end; otherwise, it will continue to decline. On the daily chart, the upward momentum is weak, and the overall trend is still within the consolidation range. If it holds at 3400, there is a good chance of testing the 3680 resistance. Short-term trading can focus on shorting at higher levels and longing at lower levels, while long-term strategy should lean towards longing at lower levels. The resistance above is at 3560-3620, and the support below is at 3450-3400.
Disclaimer: The above content is for reference only and does not constitute specific trading advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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