Market laws, twists and turns, cycles of change, 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 lead to different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable; a successful investor's story is actually a history of learning and growth. The journey may be tough, but don't forget the original intention, and you will eventually succeed.

2024.3.2 BTC———————

The current daily candlestick pattern of Bitcoin is a oscillating market, with high-level suppression moving orderly downward and bottom support gradually moving upward, forming a high-level oscillating triangle convergence. The short-term support on the daily chart has not moved above the round number of 60,000, so the current focus is on the high-level oscillation to absorb support and strengthen the market. In the short term, the four-hour chart shows upward pressure followed by a downward trend, with Fibonacci golden section support at 23.6% at 60,900 and 38.2% at 59,000. The market's bearish sentiment may spread, and these two points will certainly have a high degree of consensus. Therefore, the four-hour chart can still be used as a reference, and the support level layout at 60,500 given by Qin Chuan yesterday is still valid. The price on the one-hour chart is slowly declining, and the overall technical indicators are slowly recovering from the divergence brought about by the previous rise, so the short-term decline on the one-hour chart is reasonable. In summary, it is suggested to maintain a bullish stance on the weekend market.

This article is exclusively written by senior analyst Qin Chuan, who has been researching Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, and other investment fields 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 stable 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 knowledge of candlesticks, 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. Any operations based on this are at your own risk. Investment carries risks, so be cautious when entering the market.

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