Mu Feng looks at the trend: March 16 Bitcoin/Ethereum intraday market analysis with operational suggestions

On a weekly level, this week's KDJ has a bottom golden cross, but the BOLL and MACD indicators are continuously pressing down. The MA10/MA30 daily moving averages are simultaneously pointing down, with significant trend selling pressure and strong high point resistance.

On the daily level, today's KDJ and MACD have a golden cross resonance, and the price has broken through the BOLL upper band; the MA moving averages are in a bullish arrangement, and the price is touching the resistance area of the upper range box. Whether it breaks through or not will determine the subsequent rhythm.

On the 4-hour level, KDJ, MACD, and BOLL show bullish resonance and have broken away, while the MA moving averages are in a bullish arrangement. However, there is a gap between the coin price and the 5-day moving average; the price tested the high point of the box but did not break through effectively. The technical aspect needs to be repaired, and a slight pullback is expected in the future market. The operation will focus on shorting during rebounds, specific points can be referred to:

• BTC: Short at 73800-74500, target at 72000
  

• ETH: Short around 2260-2290, target at 2180

Warm reminder: The above analysis and suggestions are for reference only. Market conditions are changing rapidly, and the article may have a lag. Actual operations should follow real-time guidance.

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