March 4th Midday Market Analysis Share:
During today's morning trading phase, the market experienced a period of sideways consolidation, followed by a second bottom test, with the lowest price touching around 82500. A slight rebound then occurred. However, from the overall momentum perspective, the strength of the rebound is clearly insufficient. Additionally, the Bollinger Bands are showing signs of contraction, indicating that the bearish forces in the market are dominant.
During midday, the current price of 83760 yuan is directly controlled, and positions are increased at the 85200 yuan level to manage the space below, targeting 82000 yuan and 81600 yuan. Notably, 81600 yuan serves as a key support level; if it is breached, the market's downward trend is likely to continue.
Current Operating Suggestions:
Bitcoin: 83500-85200 Short Target around 82000
Ethereum: 2100-2150 Short Target around 2050
"I never fear failure, because every fall is for a higher leap." Come on! If you have any questions, feel free to ask me, Old Wang is always here to welcome you!
