Crypto News
March 22 Hot Topics:
- BlackRock's IBIT saw an inflow of $233 million yesterday.
- Analysts: Bitcoin's decline may be affected by the unexpected interest rate cut by the Swiss National Bank, and the pullback may have ended.
- JPMorgan: Bitcoin may fall to $42,000 after the halving.
- Bitcoin spot ETF saw a net outflow of approximately $295 million on March 21.
- Terra has resumed block production.
Trading Insights
- Be a trader with a defensive mindset.
- Novice traders may initially have the wrong mindset because they are eager to make money quickly. However, a more practical mindset should be to protect your money as much as possible. These two mindsets cannot coexist. If you only want to make money quickly, the money will slip away faster.
- Constantly checking will only hinder trading.
- How many times have you added positions or exited prematurely because you couldn't resist checking repeatedly? In hindsight, do you feel too impulsive? These unplanned actions are the reason many people incur losses. The simplest way is to set up the trade, then forget about it. This principle is emphasized many times because it is also one of the biggest lessons for most people: the less you interfere with trading, the better. Simply follow your trading plan and let the trade show results. This is the true trading principle.
- Simplify trading, and you will gain more.
- Everything should be done in moderation. Many traders' problem is that they overdo things. They over-analyze the market, over-interpret the market trends, overthink, and overtrade, in short, they do a lot of unnecessary things. Being a trader also involves learning to be appropriately "lazy."
Search for the public account: Big White Coin
BTC
Analysis
The trend of Bitcoin yesterday was consistent with the expectations. In the daytime, it showed a fluctuating downward trend, dropping to the support level around 64550 and rebounding, with the highest reaching around 66160. Congratulations to friends who followed the strategy and gained over a thousand points in long positions. Currently, the price is running around 66000. The four-hour trend is in a state of oscillation, with the MACD showing a shrinking volume of long positions and a golden cross of the two lines. Although there is a pullback in the market, it has not broken through the support. The candlestick closed with a doji line rebound. In the short term, there is not much room for both long and short positions, and there is no suitable entry point at the moment. Looking at the daily trend, a confirmation of the bottom after another pullback is expected. The MA30 moving average is rising and has not been broken. The trend is gradually stabilizing. It is expected that the weekend will be mainly characterized by oscillation, and after consolidation, it will rise again. The clear strategy is to focus on long positions after the pullback. The upper resistance is at 67500-68300, and the lower support is at 65000-64500.
ETH
Analysis
Ethereum's trend yesterday fluctuated within a range of over a hundred dollars. After reaching the resistance level around 3583, it fell back to the support near 3410. Congratulations to friends who followed the strategy and gained a hundred points in long positions. Currently, the price is running around 3515. The four-hour trend shows a pullback followed by a rebound, indicating strong support below. The candlesticks are continuously rising, standing above the MA7 moving average, and the MACD is running with a bullish trend and a golden cross of the two lines. Overall, the trend is stable and upward. In the short term, there is a lack of unilateral strength, and it is expected that the market will consolidate horizontally instead of declining. Looking at the daily trend, there has been no significant decline in price, indicating that the bulls have stabilized. If the price can stand firm above the MA30, it will further rise. If there is no breakthrough, it is expected to consolidate horizontally. The current trend has completed the pullback and is preparing for an upward surge after consolidating. The strategy remains focused on long positions, with upper resistance at 3580-3630 and lower support at 3480-3420.
Disclaimer: The above content is for personal reference only and does not constitute specific operational 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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