The speech at the Understanding King Digital Summit ended hastily after 2 minutes, without announcing new policies but calling on Congress to pass stablecoin legislation. Don't expect too much from him in formal occasions.
This wave started warning of risks on February 21, and on the 23rd, it reminded of potential "black swan" events as Bitcoin dropped from around 98,000 to 77,600, a decrease of about 20%. The US stock index fell by about 10%, and Tesla's value was nearly halved from its peak.
At the same time, on March 11-12, it reminded to pay attention to the second test of breaking down, with the maximum opportunity for recovery targeting 87,500, which was reached last night. Next, we will see if the shark pattern points to around 97,000.
On 25/02/21, BTC broke through 99,000 as expected, facing pressure near the daily downtrend, and short-term attention should be paid to the risk of a pullback.
On 25/02/23, the largest hacking incident in history occurred, with BTC dropping nearly 5,000 points, and the US stock market plummeted, indicating a potential "black swan."
On 25/03/11, BTC tested the downside again, whether it will revisit 312 this year, with short-term focus on the 84K gamble.
On 25/03/12, BTC rebounded to 84,000; whether it can withstand external pressure remains to be seen, with the shark pattern looking towards 87,500.
On 25/03/14, BTC continued to oscillate in the short term, with the shark pattern's second target at 97K, and the rebound strategy remains unchanged.
Bitcoin
Bitcoin's daily line broke through MA200, which is considered a positive sign above the long-term bull-bear line. Today, it tested the support and continues to look for a rebound. The daily line shows a continuous bottom divergence, and last night's price touched a descending wedge, indicating a short-term pullback.
The US stock market opened low but rebounded, closing in the red at the time of writing, still looking at a B-wave rebound after a decline.
Bitcoin's 4-hour descending wedge faced pressure for the first time and then pulled back, continuing to rebound upwards. The shark pattern points to around 97,000, so when the rebound is in place, it is necessary to reduce positions to prevent a pullback.
Support: Pressure:
Ethereum
Yesterday, the 4-hour chart broke through the platform, and today it is testing the support, with a spike to 1972 at the time of writing. If you chased the rise yesterday, you might be short-term trapped by 3-4 points, so the strategy remains to buy on the pullback, and it is not recommended to chase the rise directly. Ethereum's current price has not returned above 2100, which is not very safe; we are just building positions on the left side to seek a bottom-fishing rebound opportunity, and Bitcoin looks to rebound. It will be safer once it stands above 2100.
Support: Pressure:
If you like my views, please like, comment, and share. Let's traverse the bull and bear markets together!!!
The article is time-sensitive and for reference only, updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
