Li Ying in the Crypto Circle: Bitcoin Latest Market Analysis on March 29

Article Published on March 29, 2025 - 00:05

The current price of Bitcoin is 84,000. How much did everyone catch in this wave of decline before the article was published? If you followed the trend and were not greedy, there should be at least 1,000 points, not to mention that after breaking the support level during the sideways movement, it has already dropped below 84,000 before the article was published. The current K-line pattern on the 4-hour cycle has fallen from a high of 88,275 to 84,000, showing a typical downward trend. The daily level indicates that the recent price has encountered resistance around 87,500 and has continued to decline, currently in an adjustment phase. The MACD on the 4-hour chart has shown a death cross, indicating strong bearish momentum in the short term. There is obvious downward pressure on the EMA. The EMA7 and EMA30 are in a death cross state, and market sentiment is largely dominated by bearishness. The short-term strategy is to focus on short positions at the resistance level.

Today's Reference Points:

• Long Entry at 83,000, Stop Loss at 82,000, Take Profit at 86,000
• Short Entry at 86,000, Stop Loss at 87,000, Take Profit at 84,000

Ethereum Latest Market Analysis

The current price of Ethereum is 1,880. Although the practical record of Li Ying has not been as explosive as expected, the short position taken at 2,068 and closed at 1,910 is still a good position with a space of 158 points, 780%, indicating that our trading system is stable and the returns are consistent, which is sufficient. The reason for taking profit at 1,910 is simple: the key support point for the medium-term trend is below 1,850, which belongs to a major trend support level. Taking profit early is a prudent choice. The current K-line pattern has formed a series of bearish candles after falling from a high position, showing obvious selling pressure on the 4-hour chart. The MACD still has downward pressure in the short term, and all moving averages are showing a downward trend, indicating an overall weak pattern with bears in control. There is a possibility of further declines, so the strategy suggests focusing on short positions at the resistance level, and considering long positions only after breaking the previous low.

Short-term Strategy Reference:

• Long Entry at 1,800, Stop Loss at 1,780, Take Profit at 1,900
• Short Entry at 1,950, Stop Loss at 1,970, Take Profit at 1,800

The above is a brief analysis by Li Ying regarding the current market situation for investors' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights, hoping to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

Warm Reminder: The above content is solely created by Li Ying's official account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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