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, anyway, 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 after all, 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

BTC touched the 73880 level after breaking through the previous high and then fell under pressure. After a slight rebound at the 64600 level on March 16, the market fell again on March 19, and broke below the 64600 support level. Currently, the market is temporarily running at the 63000 level. From the current daily trend, the market is currently repairing the divergence emotion after the rapid rise in the previous period, and the daily trend has formed a tower-shaped top pattern. The KDJ indicator shows a dead cross divergence with three lines moving downward, and the MACD indicator shows a large green solid kinetic energy column. From the daily perspective, after breaking below the 64600 support level, the market's downward support is focused on the Fibonacci retracement line at 23.6%, near the integer support of 60000. The weekly K-line closed with a hanging man candlestick pattern last week, and the current week's K-line is a solid bearish K-line. The KDJ indicator shows a dead cross divergence above the 90 axis, and the MACD indicator shows a red solid shrinking volume. From the daily perspective, there is currently no stabilization signal in the market, and there is still a trend of further probing support. It is recommended to focus on short positions.

BTC Strategy

Short at 64600-64800

ETH Strategy

Short at 3460-3440

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