March 29th Big Pie Analysis!
Review of Previous Situation:
Yesterday's judgment was incorrect, the daily candle closed bearish and broke below the minor support level of 84500. The bullish momentum on the daily candle has weakened, and the major upward channel has also been broken. The bearish momentum on the 6-hour MACD has intensified, so caution is needed when going long.
Currently, going long is definitely not appropriate; if you want to go long, you should place limit orders. I will take a look at the SOL entry point at 113, and if Trump breaks below 9 dollars, I will take a spot position.
Minor Level: Support at 83000, Resistance at 85000
Major Level: Support at 81000, Resistance at 88000
Long/Short Ratio: Long 49.65%, Short 50.35%
Institutional ETF: 1068 BTC flowed out on March 28th
Conclusion:
The most important thing in the current fundamentals is to pay attention to whether the tariffs on April 1st and 2nd will be implemented. Tariff bearishness has definitely been digested in advance, but if it’s a policy-related bearishness, it will have aftershocks. If it is delayed, then a rebound is inevitable.
Manage your positions well and keep some bullets ready, as a rate cut in June is a certainty.
