Mu Feng Looks at Trends: 3.16 Bitcoin/Ethereum Intraday Market Analysis with Trading Suggestions
On the weekly level, this week's KDJ has formed a golden cross at the bottom, but the BOLL and MACD indicators continue to press down, with the MA10/MA30 daily moving averages moving downward simultaneously, showing significant selling pressure in the trend, with strong resistance at the highs.
On the daily level, today's KDJ and MACD golden cross resonance, prices have broken through the upper BOLL band; the MA moving averages are in a bullish arrangement, and prices have reached the resistance zone at the upper boundary of the upward box, whether it breaks through or not will determine the subsequent rhythm.
On the 4-hour level, KDJ, MACD, and BOLL are in bullish resonance and have broken out of the track, with the MA moving averages in a bullish arrangement, but there is a gap between the coin price and the 5-day moving average; prices have tested the upper boundary of the box without effectively breaking through, and the technical aspect needs to be repaired. It is expected to have a slight pullback in the future, with the operation mainly focusing on short selling during the rebound, specific points can refer to:
- BTC: Short at 73800-74500, target at 72000
- ETH: Short around 2260-2290, target at 2180
Friendly Reminder: The above analysis and suggestions are for reference only. The market conditions fluctuate rapidly, and the article may have a lag; please rely on real-time guidance for actual operations. #比特币升回7万