Market laws, twists and turns, cyclical changes, internal cultivation of the mind, external cultivation of behavior, the road ahead is long and arduous. 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. The success story of an investor is actually a history of learning and growth. Through hardships and beautiful scenery, do not forget the original intention, and one will eventually succeed.
2024.3.19 BTC————————
The daily chart of Bitcoin shows a bearish pattern, with selling pressure continuously moving down to around 68500. After sustained selling volume, the MACD fast and slow lines have smoothed downward, and the KDJ three lines continue to diverge downward, indicating a bottom-finding state on the daily chart. On the short-term four-hour chart, the Bollinger Bands are moving downward, and the price is likely to continue to oscillate slowly and decline without strong external support. Similarly, on the one-hour chart, the price is maintaining an overall oscillating trend, and the short-term long and short trends are not very clear. Therefore, it is not advisable to enter the market blindly at the moment. In summary, it is recommended to maintain the previous view and continue to wait for opportunities to enter the market.
Pending orders:
Long at 64000-64300, with a stop loss at 500
Short at 70300-70800, with a stop loss at 500
2024.3.19 ETH————————
The daily chart of Ethereum is showing initial signs of bearish momentum, and the price has already broken the short-term support at 3530 in the early session, currently oscillating around the 3480 level. 3480 is already a crucial support level for the daily bullish trend. If the mainstream cryptocurrency fails to continue its effective upward trend, the price will likely continue to probe lower levels, with a focus on the 3380-3350 range. On the short-term four-hour chart, the price is currently within the Bollinger Bands' downward channel, with 3610 forming a resistance level. It is advisable to try short-term accumulation around this level. The MACD is showing a second conversion of bearish energy and the fast and slow lines are diverging, while the bottom KDJ's J value has not turned upward, indicating that the early bearish momentum needs to be released continuously. After finding new support, the price will test the 3610 resistance, and breaking through this level will determine whether the overall long and short trend has reversed. In summary, it is recommended to continue waiting for opportunities to enter the market based on the previous strategy for Ethereum.
Pending orders:
Long at 3380-3350, with a stop loss at 40
Short at 3700-3720, with a stop loss at 40
This article is exclusively written by senior analyst Qin Chuan, who has been researching the fields of Bitcoin, Ethereum, futures, spot, gold, forex, and stocks for many years. Currently, he mainly guides futures operations, with a solid theoretical foundation and practical experience. He is skilled in combining technical and fundamental analysis, emphasizes capital management and risk control, and has a steady and decisive operating style. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, 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. Trading based on this information is at your own risk. Investment carries risks, so please be cautious when entering the market.
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