3.11 Cryptocurrency Market Deep Analysis of Bitcoin Trends! Countdown to Ethereum Liquidity Crisis!
Current price of Bitcoin is 79500. Instead of discussing the market from a macro perspective, we will share Liying's thoughts directly with the simplest and most straightforward market analysis. Firstly, the current K-line pattern on the market shows a downward trend, with continuous bearish candles indicating heavy selling pressure. There have been multiple long upper and lower shadows on the 4-hour K-line, indicating significant market volatility and evident competition between bulls and bears. The technical indicator MACD histogram is at a low position, suggesting a possible rebound demand, but the most obvious and realistic topic in the short term is bearish sentiment. The RSI is approaching the oversold zone, indicating overall weakness. The EMA moving average, which Liying often refers to, shows a typical bearish arrangement. Liying's thought process is straightforward: focus on shorting at resistance levels during pullbacks, and do not think about bottom fishing for now.
Today's Predictions
Buy point at 75000, add at 74000, stop at 73500, target 80000
Sell point at 84000, add at 85000, stop at 85500, target 80000
Ethereum Analysis
Overall trend analysis shows that Ethereum is neither going up nor down. In the short term, the market exhibits a downward trend. The 4-hour K-line has strong selling pressure and buying interest. The current MACD is in the negative zone, indicating strong bearish strength, while the RSI hovers around 36, showing a weak state. The short-term EMA is below the long-term EMA, confirming the downward trend. Liying's thought process remains unchanged: focus on shorting at resistance levels during pullbacks, and be cautious about chasing long positions for now.
Today's Latest Point of Reference
Buy point at 2150, add at 2200, stop at 2250, target 2000
Sell point at 1950, add at 1900, stop at 1870, target 2000
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