Analyst Chen Shu: 3.22 Afternoon Bitcoin and Ethereum Market Strategy Report, Focus on Breaking Through the 8.5 Resistance Level During the Rebound
From the daily chart, Bitcoin closed yesterday with a green doji, with the price standing above the MA5/10-day moving averages. Despite the small fluctuations, the upper resistance level remains the MA30-day moving average at the 8.64 line. As the market continues to oscillate downward, the price of the MA30-day moving average will also continue to decline. On the 4-hour chart, the current price is oscillating around the MA60/120-day moving averages in the 8.5-8.35 range, with little fluctuation on Saturday, so range trading is sufficient.
From the daily chart, Ethereum is maintaining its position above the MA5/10-day moving averages. On the 4-hour chart, it is oscillating within the 1930-2030 range. Pay attention to the breakout direction of this range; until a breakout occurs, treat it as oscillation.
Afternoon Trading Strategy (Written at: 13:30):
BTC: With little fluctuation on Saturday, treat it as high selling and low buying in the 8.48-8.4 range.
ETH: Treat it as high selling and low buying in the 1995-1960 range.
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; I will reply to each one!
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