Like you are a small snowball, there is a starting point in the snowy forest, and you are not sure where to roll. But you might as well start rolling first. After all, there is snow everywhere, and rolling anywhere will make you thicker. You may have taken a detour, or later found that the direction was wrong, but you have become stronger in the end, and finally become a big snowball. After becoming bigger, roll to where you want to go, and you will always be faster.

Bitcoin Market Analysis

On the daily chart, after breaking through the previous high and reaching the 69350 level on March 5th, BTC experienced a rapid rebound after a downward pin bar retracement to the 59100 level. The candlestick on March 6th closed as an upward pin bar bullish candle, and the candlestick on March 7th is currently a solid bullish candle. The market is currently oscillating around the 67000 level again. The KDJ indicator has turned again after the death cross of the three lines at the 90 axis, and the MACD indicator's red solid kinetic energy column has decreased. From the daily trend, there is a trend of buying on dips, and the short-term 4-hour trend turned upward after retracing to the 65900 level, with pressure below 68000. In the short term, there was a pin bar retracement to the 64500 level and then a rebound. From the short-term trend, the market is currently in a narrow range oscillation and accumulation stage. The upper resistance is at the 68000 level, and the strong support is at the 64500 level. In summary: If the market stabilizes above the 64500 level this week, there is a high probability that it will continue to break through the new high of 70000 next week. It is recommended to focus on long positions at a lower level.

BTC Strategy

Long at 65700-66000

ETH Strategy

Long at 3640-3670

For real-time guidance, you can follow the public account: "币圈周胜男" or scan the QR code below to find Sheng Nan for real-time guidance.

It is often the last key that opens the door.

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