Mu Feng looks at the trend: March 17 Bitcoin/Ethereum market analysis with operational suggestions.

CN
12 hours ago

Recently, the Bitcoin/Ethereum market has been consolidating and fluctuating within a wide range, with both bulls and bears showing weak momentum. Today's technical structure shows that the rebound of the KDJ and MACD indicators has weakened, and the main chart's three-day moving averages continue to face downward pressure. However, at the four-hour level, the current MACD and KDJ are flattening, indicating a reduction in downward momentum. Although the short-term coin price has retreated, there is still strong buying support at the bottom, and a significant gap has formed with the five-day moving average. It is expected that the market will continue to rebound and adjust in the short term. The strategy is to participate with a long position on pullbacks, and specific points of reference are as follows:

BTC: Long at 81500-81000, target 83500

ETH: Long around 1860-1830, target 1930

Market conditions change rapidly, and this article may have some lag. Specific operations should be guided by real-time market conditions. If you have any questions, feel free to consult.

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