Cryptocurrency News
March 19th Hot Topics:
The Bank of Japan raised interest rates for the first time in 17 years, officially ending the era of negative interest rates.
Less than 5000 blocks remaining until the Bitcoin block reward halves.
The holdings of Bitcoin in 9 physical Bitcoin ETFs in the United States exceed 450,000 coins.
CZ: About to launch an educational project with no new tokens.
Bitcoin whales have increased their holdings by approximately 328,000 BTC in the past month.
Trading Insights
Misunderstandings about understanding short-term and medium-term: Some people believe that the difference between short-term and medium-term lies in the length of holding time, but this is not the case. The so-called medium-term is to rhythmically hold a position in a certain direction after the trend of large cycles and large fluctuations emerges, until this force is not broken, rather than based on the length of holding time. In fact, the medium and short term are integrated, just with different amplitudes and periods of fluctuations, and their methods of operation are the same, requiring specific analysis when operating.
Counter-trend rebound operation: The market is always right, and counter-trend operation means going against the market. However, many investors may ask, can't we seize the rebound? Of course, you can, since there is such a saying, it means someone has succeeded, but it is necessary to master the correct method. When counter-trend rebounding, attention must also be paid to the use of skills, cultivating one's own sense of the market, and most importantly, managing funds. Inexperienced beginners should not take risks, always remember that following the trend is the priority.
Hesitation when placing orders: Many investors always have many concerns when placing orders, which leads to missed opportunities. We can move forward according to the trend, and if the trend reverses, timely "braking" will also prevent losses.
Frequent trading throughout the day: Contracts can be long or short, so many investors take advantage of this and repeatedly enter the market. This behavior easily leads to repeated losses. Sometimes, resting is also a form of operation, which can prevent you from more losses, while calmly assessing the current situation and making the right judgments.
Search for the public account: Big White Coin Forum
BTC
Analysis
Bitcoin reached a high of 68900 in the early session yesterday and was subsequently blocked, followed by a fluctuating decline. The morning session opened with a continuous decline, and the current price is running near 65000. The four-hour chart broke the oscillation range, with a large bearish candlestick, the MACD turned from bullish to bearish, and the short-term decline has not stopped. The trend is leaning towards bearish, with the risk of testing the previous low. If the four-hour chart does not break, it is expected to rebound. Pay attention to the strength of the rebound. If it closes with a long lower shadow, the market will stabilize; otherwise, it will fall again below the previous low. Looking at the daily chart, there is strong resistance above 69000, and the market trend is leaning towards a retracement. If there is an opportunity at 64250-63250, you can buy in batches, and add positions at 61500 to look for new highs. It is still a bull market, so buying low is still the main strategy, with resistance above at 66600-67500 and support below at 64500-63700.
ETH
Analysis
Ethereum's trend is consistent with the overall market, showing a fluctuating decline, dropping to a low of 3362 and rebounding at the support level of 3420. The current price is running near 3420. On the four-hour chart, there is a large bearish decline, falling to the support of the MA200 moving average. The short-term decline has temporarily stopped, with the MACD in a bearish trend and a death cross of the two lines. Looking at the trend, there is still a downside risk. If the MA200 can hold, it is expected to rebound. Looking at the daily chart, the market has been continuously declining, breaking below the 30-day moving average, and the bearish trend is gradually increasing in volume and moving downwards. The overall trend is weak. If there is an opportunity to retest at 3320-3230, you can buy in batches and hold low-level chips. The future of Ethereum is unpredictable, and the strategy is still mainly to buy low, with resistance above at 3470-3550 and support below at 3320-3230.
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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