Wednesday, March 19, Bitcoin and Ethereum Morning Analysis

The market is still in a state of volatile adjustment, and Bitcoin remains strong in the short term. The current rise is slow, while the pullbacks are quick. It's also characterized by deep pullbacks, a slow rise followed by deep retracements, taking one step and looking back. This phase is most prone to stop-loss hunting; when it looks strong, it doesn’t adjust, and when it looks weak, it doesn’t rise. After an increase, it's best to avoid chasing highs.

From a technical perspective, on the hourly charts, the Bollinger Bands are showing a downward opening trend, with resistance around 83,300. The current structure is that of a slow rise, with no significant volume to support highs, likely accompanied by repeated back-and-forth movements at high levels. This makes entry points critical; being cautious when going long due to high prices and being careful when going short due to early entry. In the current trend, after a rise, it’s still advisable to engage in high short operations.

Wednesday Morning Recommendations

Bitcoin: Short around 83,000_83,500, targeting 81,500_1,000

Ethereum: Short around 2,000_2,020, targeting near 1,900

Don't forget, the darkest hour is often just before dawn. On the journey to chasing dreams, you are never alone; you still have me #BNBChainMeme热潮 #你看好哪一个山寨币ETF将通过？ #Strategy增持比特币 #巨鲸动向 #Strategy增持比特币 $BTC $ETH