Analysis of Bitcoin Market Trends and Trading Suggestions on Monday, March 31!!

Currently, the BTC price has shown a bullish divergence in RSI, indicating weakened selling pressure and a potential short-term rebound.

Recent candlesticks show prices fluctuating between 82,700 and 83,000, forming a narrow consolidation range. Recently, there have been several long upper and lower shadows, indicating significant uncertainty in the market and repeated tests of support and resistance levels.

The current MACD energy chart is red, and the DIF line is below the DEA line, indicating a bearish trend. The short-term EMA7 is gradually converging towards the long-term EMA30, suggesting that the price may continue to maintain a volatile trend. The EMA120 is far above the current price, indicating an overall downtrend. The KDJ value is in the overbought zone (83), suggesting possible technical correction pressure in the short term. In summary, the market suggests to position short orders during rebounds.

BTC trading suggestion: Position short orders near the range of 84,400—83,500. Take profit: 81,500—80,800.

Defense: 85,200.

ETH trading suggestion: Position short orders near the range of 1,880—1,840. Take profit: 1,740—1,720.

Defense: 1,910.

Unpredictable events can occur at any time, so it is important to remember that investing in cryptocurrencies always carries risks; the market does not present anything new, just repetitive patterns. Do not expect to be correct every time; if a mistake is made, the sooner the loss is cut, the better.

Real-time positioning: btc08010

Market analysis and predictions only forecast directions; the strategies provided are for reference only! Each person has different positions, prices, risk tolerance, and investment trading cycles, so personalized advice cannot be given. Investing carries risks; proceed with caution.