Mu Feng looks at the trend: March 16 Bitcoin/Ethereum intraday market analysis with operational suggestions
On a weekly level, this week's KDJ has a bottom golden cross, but the BOLL and MACD indicators are continuously pressing down. The MA10/MA30 daily moving averages are simultaneously pointing down, with significant trend selling pressure and strong high point resistance.
On the daily level, today's KDJ and MACD have a golden cross resonance, and the price has broken through the BOLL upper band; the MA moving averages are in a bullish arrangement, and the price is touching the resistance area of the upper range box. Whether it breaks through or not will determine the subsequent rhythm.
On the 4-hour level, KDJ, MACD, and BOLL show bullish resonance and have broken away, while the MA moving averages are in a bullish arrangement. However, there is a gap between the coin price and the 5-day moving average; the price tested the high point of the box but did not break through effectively. The technical aspect needs to be repaired, and a slight pullback is expected in the future market. The operation will focus on shorting during rebounds, specific points can be referred to:
BTC: Short at 73800-74500, target at 72000
ETH: Short around 2260-2290, target at 2180
Warm reminder: The above analysis and suggestions are for reference only. Market conditions are changing rapidly, and the article may have a lag. Actual operations should follow real-time guidance.
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。
