Market laws, twists and turns, cyclical changes, internal cultivation, external practice, the road is long and far-reaching. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. The journey may be arduous, but one must not forget the original intention to achieve the ultimate goal.

2024.3.29 BTC————————

Bitcoin's bullish flag pattern has been completed. After a brief breakthrough above 71500, the price began to decline and retrace. On the daily chart, attention is on the support near 68800, with the short-term bearish MACD volume shrinking and the CCI bearish indicator running near 60. Overall, the daily chart is in a bullish trend. On the short-term four-hour chart, the Bollinger Bands are beginning to converge smoothly, and the price is maintaining its upward channel. The short-term support on the daily chart is around 70100, with the resistance at 72150 remaining strong. After completing the bullish flag pattern on the four-hour chart, the price experienced a normal retracement. Short-term operations on the four-hour chart can be focused on establishing long positions around 70200. On the one-hour chart, the price is showing increased bearish volume, with the support at 69700 serving as a reference for the bottom reversal support. After a significant change in the MACD bullish and bearish energy, the overall one-hour chart is in a bearish state seeking support. In summary, it is suggested to position for Bitcoin's retracement support.

Pending Order:

Long 69700-70200, stop loss at 500, target 800-1500

(The strategy can only be used once. Adjust the take-profit level as needed.)

2024.3.29 ETH————————

On the daily chart, 3480 is a very obvious bottom reversal support for Ethereum. The daily chart shows a bullish engulfing pattern, reversing the previous evening star pattern. The speed of the bullish trend reversal on the daily chart is very rapid, but overall, it is still considered a bearish trend. The resistance at the daily high of 3630 still exists, but the bottom support has slowly risen from 3480 to above 3500. On the short-term four-hour chart, the Bollinger Bands are converging downward, and the price is currently oscillating around the midline. The MACD bearish strength is shrinking, and the overall four-hour chart shows an unclear trend. With the possibility of Ethereum catching up after Bitcoin's rise, it is suggested to focus on establishing long positions around the 3550 support on the four-hour chart. On the one-hour chart, the current price support is around 3530, with the CCI bearish indicator running into overbought territory. The overall high selling and low buying range can be focused on between 3505-3625. In summary, it is suggested to mainly position for a steady intraday retracement for Ethereum.

Pending Order:

Long 3505-3520, stop loss at 30 points, target 50-80 points

(The strategy can only be used once. Adjust the take-profit level as needed.)

This article is exclusively written by the senior analyst Qin Chuan, who has studied the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is skilled in combining technical and fundamental analysis, emphasizing on capital management and risk control. His operating style is steady and decisive, and he is recognized by a large number of investment friends for his amiable and responsible character, as well as sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk. Investment carries risks, so caution is advised when entering the market.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。