Good evening everyone, I am Xin Ya, and this week has been very good. Regarding yesterday's thoughts, did we hit the bottom of Bitcoin at 69300 again? Including the Ethereum 2044 moving average has also become a stage forced closing point. I said the bottom is lifted, the bulls are strong, and the market is just like that. And today, a short position was hit. Interrupting the long trend.

Let's briefly review
On the night of March 12, we first look at the fifteen-minute chart, Bitcoin first came down to the 69600 level before retracing to around 69300, here there was a rebound, facing pressure at 70600, two fifteen-minute bearish candlesticks combined with the earlier selling pressure would make people feel that the resistance at 71200 is effective, thus forming a trap for shorts. The actual movement of the market is influenced by the one-hour and four-hour EMA 144, with support at 69200, starting to push upward. Looking at the one-hour chart, three one-hour bearish candlesticks increased in size did not break through the moving average, the bulls refused to go down, and the MACD continuously jumped above the zero line. The situation has been taken over by the bulls.

At eight in the morning, a large buy pushed the price to around 72000, wiping out forty-four million dollars in short positions. The retracement was very small, not giving the surviving shorts a chance to escape. We can note that the key positions in the process are 70500—70800, 71500, 72800. This four-hour rebound has already reached its end. Due to the strong bulls in the process, it is currently expected to undergo one hour of fluctuations. The current market is moving very quickly, the structure is incomplete, and still lacks a pullback for the final test.

At present, it is suitable to take a left-side position, currently go short first, a short position can be taken at the current price of 73200. Set the stop loss a bit lower to 73800, and buy back long positions at 70800-71200 to form a zigzag, with a stop loss at 70000.
If it returns to the upward side, first look back at 73200, conservatively look for a light long position at 71000, add at 70000, and 69500.

Be too aggressive, synchronize with Bitcoin's important range for entering and exiting.
Focus below on 2120 and 2086. Above are 2222 and 2308. If missed, lightly enter at 2128, add at 2086, conservatively enter at 2105 and stop at 2060. It is recommended to short first and then long.
Target reference is 2128. The short position stop loss should be raised to a maximum of 2222.

To grow big and strong, we can only synchronize and walk together. Public account: Xin Ya Talks about Chan

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