$BTC $ETH After finishing the daily line, it started to drop. I thought it would drop last night. Tomorrow at 8 o'clock, the three-day line closes. 918 is a key position. Today, it is very likely to retest the daily support. The daily support is around 885. I have to keep an eye on the market. If I don't watch the market, this calculation won't be accurate. Three possible scenarios: If it holds above 918 tomorrow, retests once, then bullish.
If today directly drops and breaks the daily support, then it will drop significantly. Because there is a daily MACD golden cross here that could lead to a false bullish signal.
Tomorrow is stuck between two positions. Then wait for a breakthrough at these two positions.
This three-day line rebound is normal. The three-day line below the zero axis will definitely rebound, including the weekly line, the 4-hour line, and the death cross in both cycles below the zero axis, all will bounce. It can bounce up to the critical turning point of the golden cross, but generally, if it closes below the zero axis, it won't easily bounce back up. If it does bounce back, it usually means you misjudged the cycle. What it actually does is a large-level cycle rebound. This round may also develop into a monthly line rebound that leads to a false bullish signal. After all, March has just arrived. If one really wants to close up, it usually happens in the later part of the cycle. The early part of the cycle is generally just a false move. If it opens directly down at 8 o'clock today, then I think the daily line will definitely hold today. Shorting to the daily support, going long, and taking profits should first look for the 4-hour 918. Because in this round, the 4-hour line has not gone down before, so the 4-hour line will rebound first. Only after the 4-hour line goes down and rebounds can we look at the daily line on the right side.
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