Yueyue Ying: Bitcoin and Ethereum Market Analysis for March 17 - Another Breakout of Previous High, Is a Reversal Coming? Latest Trend Suggestions Attached
I'm Zhou Yueyue, please follow if you like the article. Let's see today's sharing!
Bitcoin Technical Analysis————
The short position at the current price given in the previous article has played out over 1,000 dollars of space. The second position short at 76,000 has played out approximately 2,000 dollars of space. On the daily chart, the previous K-line closed with a solid bullish candle. During intraday trading, it opened with a spike that broke through the upper Bollinger band and the 60-day moving average, then pulled back for adjustment. The Bollinger band is in an opening state, short-term moving averages have turned upward, MACD fast and slow lines are extending upward with decreasing volume, KDJ is being blocked near the 110 level and has turned downward, VR indicator is consolidating near the 130 level. On the 4-hour chart, the price rallied with consecutive bullish candles breaking through the upper band but faced resistance and pulled back for adjustment. The Bollinger band is slightly opening, short-term moving averages are moving flat, MACD fast and slow lines have turned downward with volume continuing to decrease, KDJ has crossed downward after turning, VR indicator is consolidating near the 110 level. Overall, Bitcoin's breakout of the previous high hasn't sustained and faced resistance for pullback adjustment. Technically, it continues to be bullish-biased, but attention should be paid on each rally—don't blindly chase gains. Continue to watch the breakout of highs in the short term, note the 76,000 area above, and watch the 73,000 short-term support below. Refer to short-term suggestions.
Bitcoin Short-term Suggestions: Long at 73,300, Short at 75,500 (Short at 77,600) (Take profits yourself once strategy is activated)
Ethereum Technical Analysis————
The pullback from the current price short position given in the previous article was limited. The second position trade yielded approximately 80 dollars of space. On the 4-hour chart, after the spike high, the pullback needled with indicators requiring adjustment. Intraday movement is linked to Bitcoin, reference the same approach. Continue to watch the 2,400 level resistance above. If broken, watch around the 2,500 level below. Watch the 2,200 level as support below. Refer to short-term suggestions.
Ethereum Short-term Suggestions: Long at 2,260, Short at 2,380 (Short at 2,470) (Take profits yourself once strategy is activated)
——I am Zhou Yueyue, a teacher focused on technical analysis. Any friends with questions on operations or trends can communicate and learn with me! Let's exchange and profit together! #BTC #ETH
Yueyue Ying: Bitcoin and Ethereum Market Analysis for March 17 - Another Breakout of Previous High, Is a Reversal Coming? Latest Trend Suggestions Attached
I'm Zhou Yueyue, please follow if you like the article. Let's see today's sharing!
Bitcoin Technical Analysis————
The short position at the current price given in the previous article has played out over 1,000 dollars of space. The second position short at 76,000 has played out approximately 2,000 dollars of space. On the daily chart, the previous K-line closed with a solid bullish candle. During intraday trading, it opened with a spike that broke through the upper Bollinger band and the 60-day moving average, then pulled back for adjustment. The Bollinger band is in an opening state, short-term moving averages have turned upward, MACD fast and slow lines are extending upward with decreasing volume, KDJ is being blocked near the 110 level and has turned downward, VR indicator is consolidating near the 130 level. On the 4-hour chart, the price rallied with consecutive bullish candles breaking through the upper band but faced resistance and pulled back for adjustment. The Bollinger band is slightly opening, short-term moving averages are moving flat, MACD fast and slow lines have turned downward with volume continuing to decrease, KDJ has crossed downward after turning, VR indicator is consolidating near the 110 level. Overall, Bitcoin's breakout of the previous high hasn't sustained and faced resistance for pullback adjustment. Technically, it continues to be bullish-biased, but attention should be paid on each rally—don't blindly chase gains. Continue to watch the breakout of highs in the short term, note the 76,000 area above, and watch the 73,000 short-term support below. Refer to short-term suggestions.
Bitcoin Short-term Suggestions: Long at 73,300, Short at 75,500 (Short at 77,600) (Take profits yourself once strategy is activated)
Ethereum Technical Analysis————
The pullback from the current price short position given in the previous article was limited. The second position trade yielded approximately 80 dollars of space. On the 4-hour chart, after the spike high, the pullback needled with indicators requiring adjustment. Intraday movement is linked to Bitcoin, reference the same approach. Continue to watch the 2,400 level resistance above. If broken, watch around the 2,500 level below. Watch the 2,200 level as support below. Refer to short-term suggestions.
Ethereum Short-term Suggestions: Long at 2,260, Short at 2,380 (Short at 2,470) (Take profits yourself once strategy is activated)
——I am Zhou Yueyue, a teacher focused on technical analysis. Any friends with questions on operations or trends can communicate and learn with me! Let's exchange and profit together! #BTC #ETH