🌹March 8th Afternoon Market Insights.🌹 $BTC Insights: The crypto summit has concluded, and the prices of Bitcoin and altcoins have not risen but have fallen. There’s nothing much to expect, so don’t hold on to any hopes. Currently, without any significant positive news, it’s hard to see an increase; maintaining the current state without a drop is the best outcome.
Bitcoin needs to break through the hourly level of 86150 with volume, and the closing price must stay above 86150 for a right-side long position, recover stop loss. If it drops below 85429 with volume and rebounds without recovery, take a right-side short position and recover stop loss. Pay attention to volume changes and manage stop losses well. On a pullback to 83804, if a 2b false breakdown occurs, recover with a light long position, with stop loss set at either the false breakdown low or 83166; if it doesn’t recover, do not add much. 🌹 Bitcoin should first break and stabilize above the hourly level of 86519, looking upward at 87469-88196; if it cannot break 86519, it won’t go up. Watch for Bitcoin at the top around 88028 for a 2b false breakout and take a light short position; stop loss at 88643. Conservative players should wait for a long position at 82717; if it drops below 82000, stop loss is necessary. 🌹 Upper resistance at 87022-88084-89258 Lower support at 85009-83779-82661 At the 4-hour level, 85063 has been breached, looking downward at 83166-82400. The 4-hour level M-top has appeared again; if it doesn’t break the neckline, there’s still a chance to ease. If the neckline is broken, you don’t need to watch anymore; just lie down!
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$ETH Thoughts: For altcoin, it needs to break 2143 with volume for a right-side long position, recover stop loss. If it drops below 2138, take a right-side short position and recover stop loss.
On a pullback to 2091, confirm the support is effective for an additional long position; stop loss at 2056. For altcoin, if it can hold above 2154, look at the upper target positions 2191-2152; if it can’t go up, there’s no use, it’s all in vain. At the top for altcoin, pay attention to 2212 for a short position; stop loss at 2249. 🌹 Left-side orders: 2024 long; if it drops below 2000, run quickly. Upper resistance at 2159-2212-2262 Lower support at 2101-2069-2021 At the 4-hour level, if 2096 is breached, go directly to test the lower levels of 2055-1987; 2100 must hold firm, if it doesn’t hold, then it’s over, end of meeting. $BTC #白宫首届加密货币峰会 #币安优化上币机制 #非农就业数据来袭
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