New speculation: Bitcoin may trend after 3.8

CN
5 hours ago

Good evening everyone, I am Xin Ya, it has been months since we last met, I wonder if everyone is free. Every position provided last week has become a turning point.

Let's take a quick look at this week's market. Starting from March 2nd, Bitcoin first rose from around 65,000 to 70,000, after a pullback to 66,000, it began to rebound. On the evening of the 3rd at 8 PM, it was dampened at 68,000; however, the rebound after 10 PM disrupted the central balance of the previous four hours, with bulls dominating the market, and the price of Bitcoin peaked at around 74,000, creating a volatility of nearly 10,000 points. During the upward process, there was resistance at around 68,500 and 71,500. In the falling process, 71,500 initially became the acceleration zone for decline, and 68,500 became the obstructive zone.

Currently, the one-hour EMA120 and EMA144 are concentrated around 69,200. The four-hour EMA120 and EMA144 are also around 69,000! The one-hour EMA30 is around 68,500. Moreover, both the fifteen-minute EMA120 and EMA144 are around 68,600! From an energy inertia perspective, after the drop from 74,000, a decline of ten points should lead to some rebound. According to the multi-level resonance theory of Chan theory, the area around 69,000 becomes the next pressure zone. Once confirmed as a pressure point, the market will challenge the central balance of the previous four hours around 65,800.

There are two potential extreme trends in the future market. The first one will rebound first and then drop below 65,800 to around 62,800. The second one will stabilize at 68,500 to test around 71,500. This should be the mainstream viewpoint you have seen from others.

Due to the previous four-hour central balance of 65,800-68,500 being upgraded eleven times, the probability of breaking below 65,800 is not high. According to Xin Ya's thoughts, a reasonable market trend will create a new central balance for March's market. Therefore, the operational advice for the future market is to conservatively refer to the double range of 65,800 and 71,500. This is a position where both bulls and bears can confidently enter, with a short-term reference space slightly adjusted to 66,800-69,200.

The recent washing rhythm of Ethereum has been a bit bloody, with high-frequency fluctuations around 1,975 before the rise this week, and during the pullback from around 2,200, the concentrated part of the fluctuations was around 2,075. We can mark this area. Currently, the one-hour EMA120 and EMA144 are focused around 2,020. The four-hour EMA120 and EMA144 are at 2,020 and 2,055 respectively. The one-hour EMA30 and the fifteen-minute EMA120 are both around 2,000. Due to Ethereum experiencing a period of narrow fluctuations, the future market will widen, with a key reference to around 1,940-2,030. If in a flat position, consider entering long and short at these two positions. It is expected to first fluctuate to digest market emotions.

For short-term trading, it is recommended to pay attention to the public account: Xin Ya Talks Chan.

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