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 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. Through hardships, do not forget the original intention, and one will eventually succeed.

2024.3.11 BTC————————

Bitcoin's weekly chart shows continuous positive Bollinger Bands with expanding width, and the MACD bullish volume continues to increase. The fast and slow lines are smoothly rising and running at a stable high level. After maintaining four consecutive positive days on the daily chart, a rapid morning drop on Monday led to a rebound, forming a daily chart gold needle bottoming pattern. The continuous shrinkage of MACD bullish volume and the increasing divergence from the candlestick pattern indicate that the 67200 gold needle bottom support is likely not the bottom support. Qin Chuan's personal view leans towards further downward exploration for support in the future. Therefore, it is recommended to place a pending order at the 62800 level on the daily chart. In the short term, the four-hour chart shows continuous declines in price, with the MACD indicator showing increased bearish strength. The fast and slow lines, after sticking together at a high level, have diverged downwards. The overall trend on the four-hour chart leans towards a bearish approach, and aggressive traders can consider shorting at the current price of 68600, targeting the 66500 level. On the hourly chart, the price is within the Bollinger Bands' downtrend channel, with attention on the 69000 resistance. In summary, the recommendation for Bitcoin's rebound on the daily chart is to focus on short positions.

Pending Order:

Short at current price 68600-69000, with a defensive position at 200 (small defensive position against the trend)

2024.3.11 ETH————————

Ethereum's weekly chart also shows a positive candlestick, with an early morning test probing the 3720 level. The daily chart support is focused on the 3830 level. The KDJ indicator on the chart shows the three lines sticking together at a high level, which is not a good sign. The MACD bullish momentum is shrinking, but the fast and slow lines have not declined. Overall, the long and short positions on the daily chart are in a balanced state. On the short-term four-hour chart, the Bollinger Bands continue to narrow, with 3910 as the upper resistance level and 3830 as the lower support level. The overall trend on the four-hour chart leans towards a continuation of the downward trend after being blocked by resistance. In summary, the recommendation for Ethereum's rebound is to focus on short positions.

Pending Order:

Short at 3910-3930, with a defensive position at 25 (small defensive position against the trend)

This article is exclusively written by senior analyst Qin Chuan, who has researched the fields of Bitcoin, Ethereum, contracts, spot trading, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He excels in combining technical and fundamental analysis, emphasizes on capital management and risk control, and has a steady and decisive operating style. He is widely recognized by investment friends for his amiable and responsible character, as well as his sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge about candlesticks, follow WeChat Official 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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。