March 14 Market Analysis:
Recently, Bitcoin's trend has indeed shown some规律. During the day, it moves like a slow wanderer, rising little by little in a sluggish manner, dragging along for a day. However, once the US stock market opens at night, it's like being pulled by an invisible hand, and the market instantly collapses. This trend is reminiscent of the old saying, "The easy paths are all downhill." Fortunately, as long as it’s not an extreme market situation with sharp spikes, these minor fluctuations are still within an acceptable range for everyone, considered as the normal "breathing" of the market. From the 4-hour K-line chart, the price of Bitcoin has shown a downward trend for five consecutive cycles. Even though there have been rebounds during this period, the magnitude has been quite limited, and the upward momentum is clearly lacking, making it difficult to shake off the bearish dominance. Currently, the coin price has fallen below the middle line of the Bollinger Bands, which originally acted as support, but now has become resistance for upward movement. After a brief drop below 80000 last night, there was some rebound, and it's currently fluctuating around 82000, but this is merely a short-term adjustment. The resistance above remains strong, and the resistance level is gradually moving downwards, making it highly likely to break below the 80000 mark again, and it may even further test down to 76000, or in extreme cases, drop to 73500.
Current changes in price and trading volume: Recently, trading volume has decreased, with volume down compared to a few hours ago, while the price is rising; a decrease in trading volume indicates weakened upward momentum. MACD analysis of the current market trend: no obvious trend; MACD histogram: the histogram remains positive and gradually shortens: bullish strength is weakening.
The trend of Ethereum is similar to Bitcoin, with bears holding a clear advantage. Since breaking below the 2000 price level, the market has struggled, and it's even difficult to break through 1980, making significant upward movements unlikely in the short term. Therefore, below 2000, every high point is a good opportunity to short.
Bitcoin short around 82500-82800, looking down at around 80200-80500
Ethereum short around 1900-1910, looking down at around 1840-1860
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