Article editing time: 2024.03.01 11:33, all views do not constitute any investment advice! For learning and communication only
Life will never treat those who manage it carefully unfairly. Be an adult who does not easily collapse. The sky is vigorous, and the gentleman strives for self-improvement. The earth is receptive, and the gentleman carries things with great virtue. Holding the pen to bring peace to the world, and riding a horse to determine the universe. I want the sky to no longer cover my eyes, the earth to no longer bury my heart, all living beings to understand my intentions, and all Buddhas to disappear! I want the market to be as we wish. Beginners are hesitant about the unknown market, while experienced traders worry about the loneliness of the known. Only you and I have a clear direction and grasp the trend. Every minute and every second, I wish to be in control. Tidy up your mood and face the joy of today!
Market Review:
In the face of the trend, any technical analysis is just empty talk! The market for Bitcoin, after reaching a high of 63,600 yesterday evening, began to gradually come under pressure and fell, approaching the 60,000 mark under consecutive declines, creating a space of nearly 3,000 points overall. Currently, the market is stabilizing at the bottom and starting to oscillate and repair around 61,000. Any one-sided rhythm will be accompanied by a retracement. This is the rhythm of the coin circle, which also tells everyone that a bull market often experiences sharp declines, so pay attention to your position. BTC rose by over 50% in February and touched 64,000 on Thursday, only 7.8% away from the historical high of 69,000. Without further ado, let's take a look at today's market trend.
Market Analysis:
From the perspective of the four-hour technical structure, the Bollinger Bands are showing an upward trend with the three lines opening up. The MACD lines are showing signs of a bearish crossover, and the bullish volume is shrinking. Currently, the price is consolidating near the high level around the middle track, which is gradually moving upward. The KDJ three lines are running in a zigzag pattern. Although the price is still in a horizontal trend, this is laying the groundwork for a subsequent rally. The short-term trend is still a weak pullback after an upward surge. Although there is a certain amount of probing, it is just laying the groundwork for a surge. Personally, I will continue to maintain a bullish mindset until there is a strong support break below. (For friends who are still confused in their operations, you may want to take a look at the strategies of Zhiduoxing. With 24-hour real-time guidance, the market fluctuates quickly. Due to the impact of review timeliness, the real-time layout in the subsequent market trend is the main focus. Coin friends who need contract guidance can scan the QR code below the article to add my public account.)
Trading Suggestions:
BTC:
Long positions can be established in the range of 59,800-60,800, with a target of around 62,500-63,000 and a stop loss at 59,200.
ETH:
Go long in the range of 3,350-3,380, with a target near 3,450 and a stop loss at 3,300.
Disclaimer
The market changes rapidly, and the market fluctuates quickly. The entire article is based solely on personal speculation and does not have any reference value. Investment carries risks, so be cautious when entering the market. Do not overcommit, and I wish everyone abundant wealth! The article needs to be reviewed and has a certain lag. If there is anything you don't understand, feel free to ask.
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