March 8th Afternoon Thoughts:
On the 4-hour chart of Bitcoin, the market is in a tentative rebound phase, but the rebound momentum is weak and has not effectively broken through the middle line of the Bollinger Bands. Observing the MACD and Bollinger Bands indicators, the rebound has not yet transformed into a trend reversal, and further declines may still continue. However, in the afternoon operations, one can continue to look for a rebound, as there is still room above.
Trading Suggestions:
Buy at 112700-113200, target 114500-115500, stop loss at 112500
For Ethereum: Buy at 3400-3430, target 3550-3650, stop loss at 3370
(Note: The market is constantly changing and this is for reference only!)
