Good morning everyone, I am Gu Yue. Today is March 17th, Monday. The short position suggestion given to you last week has also reached take profit this morning, with Ethereum dropping to around $1860 and Bitcoin dropping to around $82000. After two days of waiting, we have ultimately achieved great success. Although take profits may be delayed, they will definitely come. Our two days of patient waiting have not been in vain. Currently, the market trend is still mainly bearish, and the decline continues. Those who have not exited their short positions can continue to hold and wait for further declines.
Technical Analysis
Currently, the Bollinger Bands are opening downwards, and after rebounding to the middle band, the market is declining again. There is significant resistance above, and it is unable to form an effective rebound. The DIF line and DEA line are operating below the 0 axis, and the MACD green energy bars are gradually increasing. The KDJ has formed a death cross. After analyzing multiple indicators, the market will likely decline further. This morning, it is recommended for all cryptocurrency friends to remain bearish.
Trading Suggestions
For Bitcoin, it is recommended to short around $83000 with a target of $81500.
For Ethereum, it is recommended to short around $1910 with a target of $1850.
There are many types of investments, and it is important to choose what suits you best. There are many paths, and it is crucial to choose the right guide. I am Gu Yue, interpreting world economic news, analyzing global investment trends, providing daily market trend analysis, and offering you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.
