Morning Thoughts on 3.20

The major cryptocurrency has rebounded well, with the target adjusted to 88,433, slightly above the 4H EMA200 resistance.

However, this is still just a rebound, not a trend reversal, and going long remains counter-trend.

To truly form a 'bullish reversal', it must effectively break through the EMA200 and stabilize.

For long positions, my thought process remains: take it step by step, see how much can be gained, and stop losses must be followed, prioritizing drawdown control.

Suggestions

Major cryptocurrency: trade near 86900-88600, with a target looking down at 83500;

Minor cryptocurrency: trade near 2050-2100, with a target looking down at 1950.