Preface: Investment involves risks, please proceed with caution.

Article review takes time, there may be delays in publication. The article is for reference only, welcome to read!

Time of writing: 13:57, March 11th, Beijing time

Market Information

1. The Ethereum mainnet is expected to undergo the Dencun upgrade at 21:55 on March 13th;
2. Weng Xiaoqi: Hong Kong is closely discussing the preparation of Ethereum spot ETF, and the first batch of approved Bitcoin ETFs may be less than 11;
3. The National Tax Service of South Korea will establish a comprehensive management system for virtual assets;
4. The scale of the Federal Reserve's balance sheet has dropped to around $7.5 trillion;
5. The probability of the Federal Reserve maintaining the interest rate unchanged in March is 97%;

Market Review

It was predicted last week that there would be a pullback in the market, but the market has been continuously rising and breaking through, only giving a slight pullback opportunity over the weekend. However, this slight pullback can be considered insignificant for the current market. After the pullback, it immediately rebounded, and now both long and short positions are quite intense. The success rate of shorting is still not as good as going long. There hasn't been a significant selling action in the market for the big coin. Short positions can only be short-term and quick. The weekly closing last week also showed a bullish trend, without showing a significant signal of a major decline. For day trading, continue to go long at a low position;

Market Analysis

BTC:

Looking at the 4-hour chart, the big coin has been continuously oscillating and rising at high levels. Although it is not as strong as the previous uptrend, it is still in a bullish trend. The previous low points are continuously rising, and the high points are also continuously refreshing. There is no reference point above the big coin, and any further rise will be a historical high. The weekly closing last night also showed a long bullish candlestick. There is not much chance of a major drop this week. There is no short signal on a large scale, and the trading volume has not been very high. There hasn't been a situation of rising and selling. There are still many long positions in the market. The slight drop last night in the 4-hour chart provided a long opportunity during the day. You can directly enter long positions during the day. If the low point of 67,000 falls below, you can abandon the long position, and the target is to break through the high point of 70,330, first look at the vicinity of 71,000, and enter at your own discretion; for short-term trading, manage the risk, and take responsibility for gains and losses;

ETH:

Looking at the 4-hour chart, although Ethereum's trend has not broken through like the big coin, its trend is still strong. The weekly closing also showed a large bullish candlestick. Ethereum currently lacks a short signal. The pressure on Ethereum mentioned earlier is around 4050. The previous rise reached the position of 4003, which can be considered a test of the upper pressure. However, after testing the pressure, there was no clear short signal. Coupled with the continuous refreshing of high points by the big coin, the chance of Ethereum reaching 4000 this week is still greater. The slight drop last night also rebounded in the 4-hour chart, and the chance of a rebound during the day will be greater. You can directly enter long positions. If the low point of 3719 falls below, you can stop holding long positions, and the target is to look at the range of 4050-4100, and enter at your own discretion; for short-term trading, manage the risk, and take responsibility for gains and losses;

In summary:

There are rebound opportunities for both BTC and ETH during the day, and the bullish trend has not changed;

The article is time-sensitive, pay attention to the risks, the above is only personal advice, for reference only!

Follow the public account "加密老赵" to discuss the market together;

Opportunities are only useful when seized.

When the probability is on my side, I will act decisively, rather than being indecisive, afraid of losing a penny.

A good opportunity is the kind that you understand how to seize at a glance, rather than staring at the computer for an afternoon, still not sure whether to go short or long.

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