3.30 BTC/ETH Market View:
Good morning everyone in the new week. It's been quite a ride, and indeed, it's been a while since I updated daily. The market remains the same, whether it's rising or falling, there will always be many people facing liquidation. Early in the morning, the price went on a roller coaster, first dropping from around 66700 to the 64900 line, then quickly rising back to the 67000 line. It is said that this wave has liquidated the long position commander, and with unlimited bullets, envy cannot be achieved, one can act freely. Last Friday, I suggested a high short position at Bitcoin 66600 and Ethereum 2010. If set up with a staggered take profit, I'm sure profits could be made.
Bitcoin's weekly K chart has closed in the red for two consecutive weeks. Unfortunately, the strong support at 65000 has not been broken, so the price cannot drop, and the space below remains closed. On the daily K chart, four large bearish candles have come down, breaking through the middle track support, frequently testing the lower track support, with the lower Bollinger Band opening downwards, brewing space. On the short-term 4-hour level, after a long lower shadow broke through the lower track support, it quickly recovered, and this large bullish candle that closed immediately pulled the price up. From the indicators, both KDJ and RSI are turning upwards, and MACD's bullish volume is increasing. On the hourly chart, the price is currently testing the upper track resistance, with KDJ and RSI also turning upwards, and MACD's bullish volume increasing.
This morning's rapid surge was influenced by yellow hair, which has led to a strong rebound demand in the indicators; however, the trend is bearish, and the price has not risen significantly. From 64900, it rebounded to around 67500, with an increase of 2600 points. In terms of intraday operations, one should not chase the rise anymore, as the sudden price surge has caused the indicators to lag, catching up late. At this point, chasing the rise could easily reach the top. The intraday strategy is mainly high short, with upper resistance focusing on 67500, 68500, and the 70000 mark. For high shorts, these are the positions to watch, participating in ambush around these levels. Lower support focuses on 66000 and 65000. Only by breaking below 65000 can the market open up space for a new significant drop, and if it breaks below 65000, we can look down at the support levels of 64000 and 62000.
For Ethereum, upper resistance focuses on 2040, 2080, and 2120. Participate in ambush around these positions for high shorts. Lower support focuses on the 2000 mark, followed by 1950 and 1900. #美国“无王”抗议 $BTC
