Rebound or Reversal? -- BTC Market Analysis on March 18th (AICoin)

CN
1 year ago

Yesterday's market continued to decline, and many people have already felt the panic selling. The rebound last night once again showed the FOMO sentiment of missing out if not getting on the train, and thoughts were completely turned by the small-scale trend.

Yesterday, Ethereum fell to around 3400, a level that was mentioned as a good opportunity to buy. Subsequently, there was a pullback and rebound on the 30-minute timeframe. So, is this pullback over or just a rebound? Intraday attention needs to be paid to the strength of the 30-minute pullback to determine whether the market correction is over or not! As for operations, I believe that as long as you control your position well, even if it goes down again to the 63000-62000 area, it should still be seen as an opportunity to buy. Continue to hold mid-term positions, and handle short-term positions flexibly.

Disclaimer: The above content is my personal opinion and is for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If you have any questions, you can ask in the comments section.

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