Btc
btc is currently 84350. Looking back at the bottom around 54000 in early September last year to the high around 110000 in mid-December, it has been an upward trend. From the 110000 on January 20 to the 76000 on March 10, it was a downward trend. The rebound to 88000 on March 25 is a clear top formation, especially the bearish candle yesterday on March 28, which dropped from 87000 to 83000, breaking the lowest structure formed between March 24 to March 27, creating a downward pattern. The previous range of 76000-88000 is an upward trend. Currently, the daily chart has not formed a clear bottom formation, making it suitable for shorting on rebounds, and it is not recommended to go long.
Suggestion: Consider setting up short positions on a rebound to around 85500, with a stop loss at 88500. The first target can be around 80000, and the second take profit point can be around the previous low of 75000.
Currently, going long is not advised; wait for a bottom formation to appear before considering it.
Eth
does currently at 1900. The previous direction from 1500-4000 was an upward trend, then a large fluctuation central structure was formed between 2500-4000. The current position is 1900, which has already broken the structure; the top of 4000 on December 26 to 1750 on March 11 is a downward trend, and 1750-2100 is an upward trend. Currently, 1900 also directly broke the lowest structure of 1950 formed in the previous days, creating a clear downward pattern.
Suggestion: Consider setting up short positions on a rebound to 1950-1980, with a stop loss near 2100. The first take profit point can be around 1800, and the second take profit point depends on subsequent trends.
Currently, going long is not advised unless it stabilizes today, and tomorrow a bullish candle confirms the temporary bottom formation, then consider going long on a pullback.
I am Qingyun. Unknowingly, I have been in the contract market for 8 years from 2018 to 2025. I have achieved results, having made it from 1500u to over 1000000u several times, but have also experienced failures. The contract market is particularly subject to survivor bias and is a market that tests human nature significantly. The four most important elements of the contract market are appropriate entry positions, position management, take profit and stop loss, and trading systems.
