3.31 Monday Afternoon Analysis and Suggestions
JiaTu provided a view of the Kongsilu in the morning, receiving over 1000 points for Bitcoin and over 20 points for Yitai.
Currently, Bitcoin's daily line has continuously closed in the red, with the price dropping from a high of 87232 to 81642, forming a clear downward channel. The current price is below 82426 and 82557, where the dual moving averages form a 'death cross'. The short-term bearish arrangement is obvious, and it has consistently remained negative in the 4-hour cycle, with the histogram expanding, indicating that bearish pressure has not diminished. However, the fast and slow lines are approaching the zero axis, so we need to pay attention to whether a golden cross or secondary divergence will form. The RSI is close to the oversold zone but not extreme, which may trigger a rebound in the short term.
Suggestions
Bitcoin around 82000-82500, watch near 81000-80000
Yitai around 1820-1840, watch near 1780-1750
【Offshore Renminbi interbank lending rates show short-term decline and long-term rise; daytime repo agreement liquidity has been utilized over half】
Offshore Renminbi Hong Kong interbank lending rate (CNH HIBOR) showed on Monday: major term rates short-term decline and long-term rise; among them, the one-year Hibor slightly rose to 2.30000%, a new high since March 13. Additionally, the Hong Kong Monetary Authority's 20 billion yuan daytime repo agreement liquidity has been utilized over half. The overnight Hibor fell by 7 basis points to 1.52167%, the one-week Hibor fell by 14 basis points to 1.73455%, and the two-week Hibor fell by 9 basis points to 1.80818%. Click the link to view historical data.
