Analyst Chen Shu: 3.18 Afternoon Bitcoin and Ethereum Market Strategy Report, focus on the range fluctuation and the break at 8.2-8.5.

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1 day ago

Analyst Chen Shu: 3.18 Afternoon Bitcoin and Ethereum Market Strategy Report, Range Fluctuation Focus on Breakout at 8.2-8.5

Market Review: Yesterday's strategy for Ethereum suggested shorting at 1920, with a minimum pullback to around 1880, resulting in a small profit for the short position. Today, we continue to treat it as a range fluctuation. Please refer to the analysis for trading guidance.

From the daily chart of Bitcoin, the current price is fluctuating around the MA5/10 day moving averages. The strong support level below remains the daily MA256 day moving average at around 7.93. The overall wave amplitude is small, fluctuating around the 8.2-8.5 range, so we should pay attention to the breakout direction of this range. On the 4-hour chart, the upper resistance level still looks at the MA120 day moving average pressure level at around 8.5. If this level is touched again, it can still be considered for shorting to look for a pullback, while the support level can refer to the lower 8.2 level, waiting for a breakout of the range before making directional trades in the market.

From the daily chart of Ethereum, as the daily MA5/10 day moving averages continue to decline, the current price overlaps at around 1915. The bottom position of the daily fluctuation is at around 1850. If it does not continue to break down, it may rebound upwards from the recent low of 1850. However, before this signal appears, it needs to stabilize above 1950.

Afternoon Trading Thoughts (Written at: 15:30):

BTC: Short at 8.5, stop loss at 600 points, target at 8.35/8.25; Long at 8.2/8.23, stop loss at 8.17, target at 8.4/8.5

ETH: Short at 1950, stop loss at 35 points, target at 1880/1900; Long at 1880/1860, stop loss at 1850, target at 1950/2000/2100

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below for discussion; I will reply to each one!

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