Trader Gege: Analysis of Bitcoin and Ethereum Market from 3.19 to 3.20 Ethereum breaks the range and is expected to continue, let's see in the early morning.

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13 hours ago

The root of fear lies in the unknown and uncertainty. Understanding oneself, understanding the opponent, and understanding the environment are the best ways to eliminate fear. Knowing your bottom line and limits, understanding the opponent's intentions and weaknesses, and recognizing the constraints and opportunities of the environment will help you remain calm in a crisis and respond to threats with composure.

Hello everyone, I am trader Gege. Continuing from the last time, I haven't provided any thoughts on Auntie recently, waiting for the box to break before reassessing the structure. In the previous article, I mentioned being optimistic about its upward breakout, which has now reached above 2000, breaking the range that had been oscillating for several days. We will discuss it later; first, let's review Bitcoin. The previous article boosted the bulls' confidence, and I have already detailed the long-term perspective again, so I won't go into such detail in future articles. Friends in the bull camp can take a look at it more. The Bitcoin strategy suggested entering long at the 81600-80800 line, and the market retraced to around 81150, initiating this rebound. If you followed along, you should have done quite well in the short term. Sometimes the articles are detailed, and reviewing them a few times will be helpful for you. Friends who like it can take a look and give a thumbs up.

Tonight, there will be a rate decision meeting. The short-term main force may use the news to wash the market. The Federal Reserve is a master of Tai Chi, very skilled at it, so there may not be very clear news tonight, but we need to see how old Powell speaks. Trump has put a lot of pressure on him; will he compromise? Regardless of him, let's discuss the technical aspects.

On the weekly level, I have mentioned before that whether the market will test the support of MA60 and the trend line again depends on whether the key boundary above can break and stabilize, which is near the high of the previous K. The corresponding price is around 85000-86000. If it can, then the probability of touching MA7 will be quite high; otherwise, it will still be in a large range oscillation pattern. So, just keep an eye on these positions on the weekly level.

On the daily level, we need to focus on the EMA200 and the middle track nearby; this is the key resistance level in the short term. Looking at the K-line, if we consider the previous low and the middle track as a box, then the upper edge is near the middle track and EMA200, while the lower edge is near the lower track and the previous low. The central area of the box is the region where recent K-lines have repeatedly retraced and found support to rebound, corresponding to the price range of 81000-80000. Now that we have defined the shape, we can simply look for these points to enter. Just place your stop-loss at a level you can bear; risk control must be done well.

The 4H level K-line can also be referenced in this way. If the upper edge breaks, we need to pay attention to the EMA200 nearby, which also corresponds to the MA30 line on the daily level. For entering long on Bitcoin, first refer to the central area, and then the lower edge. The short-term suggestion for Bitcoin is to enter long at the 81600-80800 line, and if it breaks, enter long at the 78800-77800 line. Focus on entering long on retracements; if you want to short, you can first refer to the upper edge, entering around 85000 with a 500 USD range, and if it breaks, enter at the 87500-88500 line.

Auntie has broken the box as expected, and now we need to see if it can stabilize above 2000. Friends who entered long at the 2000-2100 line may have lost confidence after this period of oscillation. The market is sometimes like this; just when you are about to give up or have already given up, a big bullish candle appears. Currently, it is testing the daily middle track; if it can break and stabilize, then the minimum expectation for this rebound is in the range of 2200-2300. The short-term suggestion for Auntie is to enter long at the 1980-1940 line, and aggressive friends can enter above 2000 at the 2000-2020 range, planning your position accordingly. After all, there are news impacts; although I say to disregard it, we still need to respect the significant news impact.

The suggestions are for reference only. Please ensure proper risk control when entering the market, and manage your profit and stop-loss space accordingly. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone success in their trading and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions on Bitcoin and Auntie, find Gege.

Written by / I am trader Gege, a friend willing to accompany you in your resurgence.

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