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. The challenges an investor faces are not insurmountable difficulties, but rather a history of learning and growth. The journey may be tough, but don't forget the original intention, and you will eventually succeed.

2024.3.13 BTC————————

Qin Chuan's layout for yesterday's pullback was very good. The current coal price has once again reached 71500 for oscillation, with a profit margin of nearly 2000 points. Today, the Bitcoin market suggests focusing on the 69600 support level on the daily chart. Whether the morning market will continue the previous single-day 5000-point increase remains to be seen. From a technical perspective, I lean towards a bearish trend. The MACD indicator shows continued contraction of the bullish volume, and the KDJ three lines have been running at high levels for a long time. However, it's not advisable to operate solely based on the technical aspects of the daily chart. Consider whether there is a price difference in the bullish market atmosphere. Therefore, Qin Chuan suggests a steady approach to continue the pullback and long position. You can first focus on the 69600 support level. For cautious investors, we can place limit orders at the 59000 level to capture the space for a rapid price retracement and rebound.

On the short-term four-hour chart, the Bollinger Bands are widening, and the price is staying within the upward channel of the Bollinger Bands. Focus on the 70700 support level on the four-hour chart. After the MACD indicator switches from bullish to bearish, the fast and slow lines have a high-level death cross divergence. There is a need for retracement support on the four-hour chart. In summary, it is suggested to continue the layout of long positions for Bitcoin pullback.

Pending Orders:

Long at 70700-70300, with a 300-point defensive position

2024.3.13 ETH————————

Ethereum accurately grasped a market movement of over 50 points yesterday. The current price is running around the 4000 integer mark, with short-term support around 3980. Aggressive investors can now position long at the 3980 level and target around 4050. From a daily perspective, the technical indicators still lean towards bearishness, but as the saying goes, shorting during a bull market is a contrarian move. The daily support level is mainly focused on 3930. In the short term, the price is generally staying within an upward channel on the four-hour chart. The KDJ indicator shows signs of a turning point and upward movement for the three lines. Currently, 3980 is the support level within the upward channel on the short term, but the fast and slow lines have a death cross with a smooth downward divergence, which cannot be ignored. In summary, it is suggested to aggressively position long at the current price for Ethereum and to cautiously lay out long positions at 3930 during pullbacks.

Pending Orders:

Long at 3930-3910, with a 30-point defensive position

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