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Analyst Chen Shu: 3.22 Afternoon Bitcoin and Ethereum Market Strategy Report, focus on the rebound and the breakthrough of the 8.5 resistance level.

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分析师陈树
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1 year ago
AI summarizes in 5 seconds.

Analyst Chen Shu: 3.22 Afternoon Bitcoin and Ethereum Market Strategy Report, Focus on Breaking Through the 8.5 Resistance Level During the Rebound

From the daily chart, Bitcoin closed yesterday with a green doji, with the price standing above the MA5/10-day moving averages. Despite the small fluctuations, the upper resistance level remains the MA30-day moving average at the 8.64 line. As the market continues to oscillate downward, the price of the MA30-day moving average will also continue to decline. On the 4-hour chart, the current price is oscillating around the MA60/120-day moving averages in the 8.5-8.35 range, with little fluctuation on Saturday, so range trading is sufficient.

From the daily chart, Ethereum is maintaining its position above the MA5/10-day moving averages. On the 4-hour chart, it is oscillating within the 1930-2030 range. Pay attention to the breakout direction of this range; until a breakout occurs, treat it as oscillation.

Afternoon Trading Strategy (Written at: 13:30):

BTC: With little fluctuation on Saturday, treat it as high selling and low buying in the 8.48-8.4 range.

ETH: Treat it as high selling and low buying in the 1995-1960 range.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

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Selected Articles by 分析师陈树

5 days ago
Analyst Chen Shu: On March 13, Bitcoin and Ethereum fluctuate and strengthen. If they rebound from support without breaking it, consider trying to go long.
6 days ago
Analyst Chen Shu: On March 12, Bitcoin and Ethereum continued to fluctuate within a narrow range, focusing on the breakthrough situation of the 70,000 pressure level.
7 days ago
Analyst Chen Shu: On March 11, focus on the breakthrough of the 7.05 resistance level for Bitcoin and Ethereum during the day, and pay attention to the breakthrough situation of the range.
View More

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