🧢 March 31st Market Insights. 🧢
BTC Insights:
The last day of March is also restless, with no highs and only lows, so let it continue to create lower lows! Let's see how deep it can drop and where it can go.
Bitcoin broke the 81967 hourly level with volume, closing above 81967; go long on the right side, with a stop loss for a break.
Broke down with volume at 81609, unable to recover on the retest; go short on the right side, with a stop loss on recovery. Pay attention to volume changes and manage your stop losses well.
At 81204, a false breakdown recovered; take a light long position. If the false breakdown's low or breaking below 80589 does not recover, do not go long.
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On the hourly level, first deal with the bearish candle that appeared at the low; only when standing firmly at 82416 can we look upwards at 83013-83522.
Above Bitcoin, pay attention to the 83053 for a 2b false breakout; take a light short position. Stop loss if breaking 83625.
Conservative players wait for 79022 to go long; if breaking below 78238, must stop loss.
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Upper resistance: 82216-82781-83507
Lower support: 81229-80009-79078
On the 4-hour level, breaking 81204 looks down to 79917-78820; today’s weekly close is also a small engulfing pattern, this week won’t be too easy.
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82378433423 Thought Process:
For the second cryptocurrency, it broke 1814 with volume; go long on the right side, with a stop loss on recovery.
At 1811, broke with volume; go short on the right side, with a stop loss on recovery.
On the retest of 1774, confirm support is effective with a light long position; if breaking 1750, stop loss.
The second cryptocurrency can look upwards at 1847-1879 if it stands firmly at 1831; if it can't, then it continues to drop.
Above the second cryptocurrency, pay attention to 1869 for a short position; stop loss if breaking 1900.
Left side order: long at 1738; if breaking 1700, must run.
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Upper resistance: 1827-1847-1873
Lower support: 1784-1752-1731
On the 4-hour level, breaking 1781 looks down to 1752-1710; the weekly chart for the second cryptocurrency is hard to describe, let's wrap up.