Crypto News
March 21 Hot Topics:
- A whale bought 3122.5 ETH on the chain 4 hours ago at an average price of $3548 per ETH.
- Coinbase plans to launch futures trading for DOGE, LTC, and BCH on April 1.
- The Federal Reserve will maintain interest rates.
- Grayscale's GBTC saw a net outflow of $386 million yesterday.
- The countdown to BTC halving is only 30 days away.
Trading Insights
- Remember that becoming a profitable trader is a journey, not a destination. There are no traders in the world who only win and never lose. Try to trade better every day and find joy in your own progress. Focus on learning the skills of technical analysis, improving your trading skills, rather than just focusing on how much you win or lose in your trades.
- If you have followed your trading plan, congratulate yourself and feel at ease with the trade, regardless of whether it resulted in a profit or loss.
- Don't be overly complacent when making money, and don't be too discouraged when losing money. Try to maintain balance and take a professional view of your trades.
- Don't expect trades to always go a certain way. Seek thoughtful consideration of the facts, rather than chasing shadows.
- If your trading method tells you to make a trade and you don't execute it, missing out on a profitable opportunity will bring much more pain than making a trade according to your plan but ultimately losing money.
Search for the public account: "Big White Coin Forum"
BTC
Analysis
Bitcoin hit a low of 60760 yesterday and then started to rebound, reaching a high of 68210 before being resisted. Congratulations to friends who followed the long position strategy and gained 7000 points. Currently, the price is running near 67330. In the short term, the 60,000 support level has been supported to initiate a V-shaped rebound, with five consecutive positive candlesticks and a recovery of lost ground. The upper side is suppressed by the MA90 moving average, and a short-term pullback is expected, but the magnitude is not expected to be too large. The MACD is in a bullish trend with a golden cross of the two lines, and the MA7 is turning upwards, indicating a short-term bullish trend. The daily closing is above the MA30 and the second retracement did not break the previous low, indicating a stable rebound in the market. The upper side is focused on breaking through the short-term resistance at 69000 to continue the upward trend towards the previous high. Hold on to the low position, persistence will lead to victory. The bull market will continue, and the strategy remains focused on the long position, with resistance at 69000-70500 and support at 66000-64500.
ETH
Analysis
Ethereum dropped to a low of 3058 yesterday and then rebounded to 3557, with a gain of 500 points for friends who followed the long position strategy. Currently, the price is running near 3540. The four-hour level did not break through the 3000 support level and showed a strong rebound, regaining confidence in the bulls and indicating that the short-term bottom will not reappear. The bullish trend is showing a ladder-like rise, and the signal indicators are biased towards the bullish side, with a small expected retracement. The daily chart formed a doji star pattern, indicating a reversal trend with reduced short positions. If it can stand firm above the MA30, there will be further demand for higher prices. It is normal for the bull market to encounter resistance during the upward trend, so it's best to maintain a phased long position. The upper side is suppressed at 3550-3630, and the support is at 3430-3330.
Disclaimer: The above content is for personal reference only and does not constitute specific trading advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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