#3.31Btc Eth Market Analysis and Trading Suggestions
Market Review: Yesterday's article analysis provided a short position for Bitcoin at 83,500, with the price dipping to a low of 81,200, resulting in a profit of over 2,000 points for the short position. Ethereum rebounded to a high of 1,850 before dropping to 1,780, yielding a profit of 70 points. Today's operation continues to look at the 80,000 support.
From the daily chart of Bitcoin, the price once again retraced to approach the daily MA256 moving average at around 80,500. The trend remains weak and oscillating, with a significant possibility of testing the 80,000 support again. On the 4-hour chart, the price has been continuously declining along the MA10 moving average. The suggested strategy is to short and look for the price to test the 80,000 support.
From the daily chart of Ethereum, yesterday's movement was consistent with the analysis in the article, as the price broke down again to test the low point of 1,750. With decreasing volatility, there has been no upward trend observed. The suggested strategy is to continue shorting.
BTC: Short at 82,600, add to the short position on a rebound to 83,500, targeting 80,000. Long positions are internally advised.
ETH: Short at 1,820, add to the short position on a rebound to 1,850, targeting 1,780/1,750; long positions should follow Bitcoin's movements.
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, and leave a comment with 168!代
