Coin Circle Academician: Short-term Bullish Space Expected for Bitcoin and Ethereum on March 20th, Latest Market Analysis and Reference Suggestions

CN
1 year ago

The academician of the coin circle has been investing in the coin circle for more than a decade. In your eyes, there is a profit of a hundred times leverage, while I am considering the risk of a deep abyss. The mindset determines the way out, and the different perspectives on the market determine whether you will take risks for profit, while I will let go of a profit to avoid risks. The academician team of the coin circle has carefully formulated a complete set of profit and break-even plans for you. When you join, we will think hard for you and escort every penny of your profit. Finally, I would like to remind everyone: strength is not for show, but it is bound to be recognized by more people. It is more important to do well on your own than to seek validation from others. Whether it's a mule or a horse, take it out for a walk and you'll know. In one's position, plan one's own affairs. I have always been tirelessly advising, hoping that you can take fewer detours and make fewer mistakes in this market. Even though I advise earnestly, the road of investment still needs to be walked by oneself. Learning is endless, and only when you have gained experience is it your wealth!

The academician of the coin circle wishes fans to achieve financial freedom in 2024. Keep it up!

2024.3.20 Bitcoin (BTC) Market Analysis Reference

After the morning opening of Bitcoin, it opened low and went high, with an opening price near 61900. As of the time of writing, the market is still stretching to around 62800. There is a visible rebound trend for a period of time, but the momentum is clearly insufficient. The trend indicator EMA30 has strong pressure, and it is expected to consolidate around 30 in the short term. The technical indicator MACD has decreased to around -2847. DIF and DEA are diverging downward, KDJ is diverging downward and beginning to decelerate, the Bollinger Bands are contracting, and the pressure support of long and short positions is beginning to decrease. The lower support has moved from the 60000 level yesterday to around 60200, and the upper resistance level is focused on 67000.

In the short-term trend of four hours, the downward trend of the current market has slowed down, and the K-line has started to rebound. The upper resistance level is focused on the 65000 integer level. The EMA trend indicator is still in the stage of downward divergence. The MACD volume has started to decrease, and DIF and DEA are being hindered from downward movement at 61500. KDJ is being hindered from upward movement at 65000. In addition, the K-line is currently at the Bollinger Bands' lower support point of 62150, providing a good opportunity for short-term long positions. Remember to take profits.

In terms of strategy, it is recommended to short at high points and long at low points. For short positions, focus on the first resistance level at 64500, the second resistance level at 65000, and set a stop loss at 65500. For long positions, focus on the first support point at 61500, the second support point at 61000, and set a stop loss at 60500. Specific operations are recommended to be based on real-time market data. The article publication review has a delay, so it is suggested for reference only. Trade at your own risk.

2024.3.20 Ethereum (ETH) Market Analysis Reference

Ethereum's market yesterday unfolded as expected. It was reminded to follow the trend and not to go against the trend. The strategy given yesterday was to short with the target at 3230. As of the time of writing, the current price of Ethereum is near 3200, and the lowest has reached the major support point of 3150. The market will not always move in one direction. After the morning opening, Ethereum opened low and went high. The daily K-line has started to pull up from the trend line of EMA60 at 3135, and the MACD volume is still in a bearish trend. It is expected that DIF and DEA will cross the zero axis in the next few days to end this wave of major washing. KDJ has started to stop falling, and the market may enter a new round of consolidation today.

In the short-term trend of four hours, the bearish trend is strong, but the K-line is rebounding within a small range. The upper resistance level is focused on the 3300 integer level. The MACD volume is increasing, KDJ is converging upward, and the Bollinger Bands' lower support point is at 3180. There is a good opportunity for short-term long positions. The two-hour K-line is closing with a positive candle, and after the MACD volume increases, the KDJ golden cross is forming. The middle rail pressure level has reached 3365. Following the trend, there is a wave of bullish space.

In the short term, it is recommended to follow the trend for long positions. Focus on the first resistance level at 3300, the second resistance level at 3350, and set a stop loss at 3170. For short positions at high points, focus on the 3350 and 3400 range, and set a stop loss at 3420. Specific operations are recommended to be based on real-time strategies. The article publication review takes time, so it is suggested for reference only. Trade at your own risk. Market analysis and operational suggestions can be referred to in sync with the strategies of Bitcoin and Ethereum. It is strictly prohibited to heavily invest. Good risk control is the top priority. The market changes rapidly, so do not be greedy. Specific operations should be based on real-time strategies, and analysis should be used as a reference. Trade at your own risk.

This article is exclusively provided by the academician of the coin circle and represents the academician's exclusive viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of article publication, the above viewpoints and suggestions are not real-time and are for reference only. Trade at your own risk. Please indicate the source when reposting. Control your position reasonably when trading, and do not heavily invest or go all in. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems, and do not let the profit that should have been in your hands fly away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. Wait until the trend becomes clear before taking action. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The academician of the coin circle wishes you a pleasant investment!

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