Market Analysis at Dawn For fans and friends who closely follow the dynamics, the results are evident. We adhere to the most authentic data as the basis, rather than claiming to be a perennial victor. Whether in a bullish or bearish market, profits can be achieved. However, making profits in both directions during a trending market is not an easy task, and it is unrealistic to gain profits throughout the entire process from start to finish. Like three thousand weak waters, we only take a ladle to drink. The intricacies of this still require each of you to comprehend on your own.
Tonight, the market will welcome the release of CPI data, with a focus on the 84000 price level. This level is the key terminal for rebound continuation. If it cannot effectively hold this price level and fails to break through, there is a risk of falling below the 80000 mark again, or even revisiting the 78000 price level. The recent market dynamics during the U.S. trading session generally show a pattern of declining first and then rising, with significant fluctuations in market sentiment during this period, especially with the continuous decline of U.S. stocks, which is approaching the edge of a bear market, leading to heightened market panic. The operational strategy for tonight will still revolve around short positions.
BTC Short-term Strategy: Short in the 82000–83000 range, target price at 80500, if broken, look towards 78000.
ETH Short-term Strategy: Short in the 1900–1940 range, target price at 1840.
If operations do not go as expected and you have orders that are difficult to handle, feel free to consult Wang Jianjun.
On March 10, Monday, the early technical analysis of Bitcoin is as follows:
In the daily level analysis, the price has encountered pressure near the middle track, showing a pattern of oscillation and consolidation. The downward channel is tending to converge, and the bearish momentum continues to align. Although there is a phantom pillar phenomenon, there are no signs of volume contraction. Although the moving averages are in an upward posture, they have not been able to maintain it continuously, so there is no significant downward signal in the trend, and currently, there is also a lack of upward momentum.
In the four-hour level analysis, the form shows a pullback trend after an upward attack, with insufficient bullish momentum, making it difficult to form an effective breakout in the upward channel. The moving average trend is tending to flatten out and has slightly turned, indicating that the market rhythm is inclined towards a weak consolidation in the short term. Therefore, in terms of operational strategy, it is recommended to take a short position at high levels.
Operational suggestions:
Bitcoin: Establish a short position near 82800-81000, target -80000. If the price breaks through this range, further observe the downward space.
Currently, the BTC market is relatively weak, having basically given back the gains from the previous day, with the price dropping to the 84800 level. Analysis from 5-minute to 4-hour charts generally shows a downward trend. The daily chart also presents a bearish outlook, and the market needs to closely monitor whether BTC can return above the 96000 price level; otherwise, it will release a bearish signal at the daily level❗️ In short-term operations, BTC needs to stabilize at the 85900 price level to reverse the current downward momentum.
In the current market landscape, the market is expected to maintain a sideways consolidation trend in the short term, with prices experiencing a pullback near 88,000 points without reaching new lows. Based on this judgment, if the support level remains intact in the short term, the market's upward structural pattern is still favored. As long as the short-term support level between 88,000 and 87,500 is defended, there is still potential for upward momentum. Observing the daily chart of Ethereum, it shows a doji candlestick pattern, revealing an upward trend amid fluctuations, while the bearish momentum in the MACD indicator shows signs of contraction. During the evening, multiple touches to the 2,200 point level were quickly recovered, indicating that there is some support at this position.
On the hourly chart, after a night of fluctuations, the three lines of the KDJ indicator are gradually forming an upward turn, while the bearish volume bars of the MACD indicator are simultaneously contracting, indicating a potential short-term rebound during the day.
Each analysis is clear and accurate, avoiding unnecessary embellishments. The accuracy speaks for itself. If you encounter difficulties during the trading process, feel free to consult expert Wang Jianjun. $BTC $ETH
March 6th Thursday Evening Analysis: After reaching a high of $2318 for Ethereum during Thursday's midday, it entered a fluctuating downward channel. In the evening, the key support level for Ethereum at $2275 triggered a technical rebound due to a surge in buying activity.
Analyzing the 4-hour candlestick chart, it can be seen that the market previously experienced a significant rise, and the overall trend remains upward. The decline observed during the day actually accumulated stronger upward momentum for the bulls. During the price correction, although Bitcoin touched $89800, the downward momentum could not sustain, failing to form an effective breakthrough, and the subsequent rapid rebound confirmed this. Additionally, the range of this correction did not significantly impact the overall upward trend. The current slight pullback is merely a routine adjustment within the rising trend.
Under the current market conditions, it is expected that the market is unlikely to develop a one-sided trend and is more likely to maintain a fluctuating consolidation pattern. In the short term, the market is still viewed positively, with prices expected to continue rising.
Trading Suggestions: Bitcoin: buy around 89500-90000, target near 92500 Ethereum: buy around 2250-2280, target near 2350
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Thursday noon analysis: The recent market has been volatile, experiencing significant fluctuations within a single day. This week has seen frequent risk events, and an important meeting is scheduled for tomorrow, with expectations that the market will show corresponding dynamics during the US session. The current four-hour chart shows resistance around 92000, forming a coherent trend with previous resistance levels of 99000 and 95000. The market seems to have peaked in the short term. If the price can break through 93000 during the US session, there is hope for further exploration of the 95000-96000 range. The current strategy should maintain a short position, and consider reverse operations after the market trend reverses.
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March 6th, Thursday Morning Bitcoin Analysis, The market experienced a short-term correction followed by an upward trend, and the bullish momentum has not yet exhausted.
Yesterday, the price of Bitcoin showed a fluctuating upward trend, encountering pressure after reaching a high near $90,900.
Although the coin price lingered at a high level, the extent of the correction was limited, there was a slight drop in the early morning, but the price ultimately returned above $90,000. The hourly chart shows strong characteristics in the short term, and the correction could not be sustained, remaining bullish for the day.
Operating Suggestions:,
Bitcoin: Long at 90,000-89,500, target near 92,000-95,000 Ethereum: Long at 2,200-2,180, target 2,400-2,500
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The afternoon strategy has clearly indicated that if the support level at 86540 is not broken, we continue to be optimistic about the rebound. The price fluctuated within a narrow range near 97000 in the afternoon, and the price volatility increased in the evening, once spiking to 90800. During this round of rising, our pre-deployed long strategy has achieved significant results, with Bitcoin realizing an increase of over 2500 points, and Ethereum also gaining a profit margin of 56 points.
The 4-hour chart analysis of Bitcoin shows that after experiencing a previous downtrend, it has recently shown signs of rebound. The candlestick pattern has formed a “bearish engulfing” pattern, indicating significant selling pressure, but the price has recovered from a deep decline and successfully broken through the middle band of the BOLL indicator, approaching the upper band. The increase in volatility and the rise in buyer activity suggest a possible attempt to break through the upper band in the short term. However, the current area also constitutes strong resistance, and caution should be maintained in operations, considering high short strategies. It is recommended to
Bitcoin: near 90500-91300 Target near 87000 Ethereum: near 2180-2250 Target near 2200 $BTC $ETH #ETHETFsApproved
From a technical analysis perspective, the current price is showing a consolidation pattern near the key level of 87000, with a significant resistance area above that limits further price ascent. After multiple unsuccessful attempts to break through the resistance, the market has experienced a technical pullback, providing operational space for short-term bearish strategies. Through the analysis of short-term chart patterns, the hourly chart has clearly shown a downward trend. Day trading suggests executing a high short strategy and following the strategy of reversing operations when a breakout fails.
Short in the BTC 88560-87960 range, target 86500 (reverse operation if not broken).
Short in the ETH 2250-2220 range, target 2150 (reverse operation if not broken)
Every fluctuation is an opportunity for growth; hold on to your beliefs, and you will eventually see the dawn.
Recently, market information has been changing frequently, and market fluctuations are quite significant. The specific amplitude of fluctuations still requires attention to Dong Wang's analysis. The community has achieved 30 consecutive victories. If you are unsure about the bullish or bearish trends in the market, fans are welcome to consult quickly.
On a new day, do not let difficulties hold you back. Every effort is a reward for yourself. Just like searching for light in the darkness, as long as you hold onto hope and keep moving forward, there will always be a moment when you are embraced by brilliant rays of light, becoming the protagonist of your own life. Keep going!
March 5, Wednesday morning Bitcoin and Ethereum market analysis:
In this trading week, Bitcoin's daily trend continues to decline, with the lowest price approaching the 82,200 area, which aligns with my expected long entry price range. The key price level of 83,000 has been mentioned multiple times over the past four weeks.
This week, it is expected that the bulls will launch a counterattack today and tomorrow. First, focus on the price range of 89,000 to 90,000, treating 92,000 to 93,000 as a potential limit. Regardless of whether the monthly line in February can rebound to 90,000 points, the market in early March is also expected to rebound, testing the key area of the top and bottom conversion in the 90,000 to 93,000 range. Therefore, it is currently not recommended for investors to chase!
Trading suggestions: Buy Bitcoin near 87,500-88,500 Target 90,000 Buy Ethereum near 2,150-2,200 Target 2,260
Blockchain Market Analysis on March 5th Early Morning:
The market experienced significant fluctuations that day. After a period of consolidation in the afternoon, prices slightly retraced during the evening trading session, followed by a swift rebound from the bulls, pushing prices up to a peak of 84977. However, the bears quickly launched a strong and sustained counterattack, causing prices to plummet to a low of 81500. In the early morning hours, the market rebounded strongly again, approaching 85500.
From a technical analysis perspective, the MACD four-hour chart shows an upward opening trend, indicating a possibility for further price increases, although the early morning period may exhibit a pattern of rising followed by falling. Overall, it is recommended to adopt a high short strategy and respond cautiously to market fluctuations.
Trading Suggestions:
Bitcoin: Short at the 86000-86500 range, target at 82500-83500 range.
Ethereum: Short at the 2140-2170 range, target at 2010-2050 range.
#Blockchain[Super Topic]##Bitcoin Super Topic##Ethereum eth##Crypto Circle##Cryptocurrency# Evening Market Analysis on March 4
Recently, the market trend has been extremely significant, with prices showing a continuous downward trend, resembling a descent on a slippery slide. Observing the K-line chart, one can see a series of continuously declining candlesticks, indicating a lack of momentum for a rebound in the market.
In terms of the struggle between bulls and bears, the bears currently hold an absolute advantage, continuously capturing territory with a fierce momentum. The bulls, on the other hand, appear powerless, like a lamb yet to wake, struggling to fend off the strong offensive from the bears, with minimal impact on pushing prices upward, unable to change the current downward trend of the market. The overall market shows a continuous downward trend, with sporadic small rebounds; however, these corrections are like fragile little umbrellas in the storm of the market, difficult to withstand. After brief corrections, the market quickly returns to decline, creating a repetitive cycle.
In response to the current market situation, afternoon trading operations should remain cautious, adhering to a high short strategy, avoiding blind long positions. One should short at high points when prices rebound to upper levels, avoiding being misled by temporary corrections into bottom-fishing operations. Maintain patience and seize the profit space brought by high short positions.
Operation Suggestions: Bitcoin: Short in the range of 83800-84500, target 81000 Ethereum: Short in the range of 2150-2200, target 2000
March 4th Midday Market Analysis Share: During today's morning trading phase, the market experienced a period of sideways consolidation, followed by a second bottom test, with the lowest price touching around 82500. A slight rebound then occurred. However, from the overall momentum perspective, the strength of the rebound is clearly insufficient. Additionally, the Bollinger Bands are showing signs of contraction, indicating that the bearish forces in the market are dominant.
During midday, the current price of 83760 yuan is directly controlled, and positions are increased at the 85200 yuan level to manage the space below, targeting 82000 yuan and 81600 yuan. Notably, 81600 yuan serves as a key support level; if it is breached, the market's downward trend is likely to continue.
Current Operating Suggestions: Bitcoin: 83500-85200 Short Target around 82000 Ethereum: 2100-2150 Short Target around 2050
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On Tuesday morning, analysis shows that Bitcoin price is fluctuating significantly, and bullish strategies have failed to sustain in the short term. After a price rebound to around 95,000 yesterday, it has currently pulled back to around 85,000. I have previously pointed out multiple times that price increases driven by news are difficult to sustain, and once the market digests the relevant data, prices often tend to fall back. The current market trend verifies this judgment.
From the four-hour chart, the market is still in a clear bearish trend. Given the recent significant declines in the US stock market, the likelihood of a V-shaped reversal today is low. Even if the market rises today, it should be regarded as a rebound.
Trading Suggestions BTC Short-term: Short around 88,500-89,000, target 83,000.
ETH Short-term: Short around 2,190-2,100, target 2,050.
I’ve said so much every day, I’ve talked about what needs to be talked about, I’ve said what needs to be said, and I’ve given reminders. For those who understand, you can consult Wang Jianjun.
Bitcoin digital currency, Big Pie, Ether, continues to consolidate within the range. Currently, Big Pie is hovering around 93,000, and Ether is also staying around 2,365. The trend has shifted from a trend line to a fluctuating market. At this stage, the analysis indicates that Big Pie's daily line is in a bullish defensive phase. The equilibrium line crosses the body of the bearish candle, and the average price will continue to fluctuate at this stage. In the four-hour level, the current price of Big Pie has not touched upwards, indicating明显动能不足 (obvious lack of momentum). In the one-hour level, although the K line opened high, the volume is gradually decreasing, and the body of the candle is starting to shorten, with the bearish trend continuing to dominate.
In the evening, maintain a bearish outlook, Big Pie: short near 92,800-93,100, target around 91,500, Ether: short near 2,360-2,380, target around 2,260.
If you place your hopes on others, you will choose to wait! If you place your hopes on yourself, you will choose to run!