Market Review

Looking back at last week, our two rounds of bottom judgments perfectly predicted the bottom support and the bullish trend in the future. From the first round of predicting the bottom of Bitcoin at 61,000 to the second round predicting the bottom at 62,500, and also clearly indicating in last Friday's arrangement that the bulls will continue to launch an attack and continue to arrange short-term long positions. It was made clear that the breakthrough of the bulls may only take a moment. Even if you did not capture the space of no less than 7,000 points in the first two rounds, you can still gain more or less from this round of rise.

Intraday Analysis

From the current market sentiment, with the last round of bearish data exhausted and the upcoming Bitcoin halving in April, combined with the completion of two rounds of daily chart bottoming, the market sentiment has entered extreme greed. It can be said that the sentiment will once again be dominated by bullish sentiment. In this case, we only need to continue to focus on the entry points for long positions at the support level of the previous round of rise.

Looking back at the market, the current upward trend is already very obvious. The Bitcoin 2-hour MA12 has completed the upward crossing of the MA144 and 169 moving averages to form a Vegas channel, and the trend has already formed upward factors. At the same time, the daily chart has also broken free from the suppression of the BOLL midline, showing a clear upward structure. Although it is currently constrained by the previous round's channel in terms of short-term trend, I believe that the breakthrough is only a matter of time. Therefore, intraday, we only need to focus on the support below the small-scale trend and arrange long positions.

Intraday Suggestions

For Bitcoin, focus on placing the initial position for long positions at 69,500-70,000, while reserving additional positions near 68,300. The initial target is to look above 73,500, and if it breaks through 74,000, focus on the downside of 80,000. As for Ethereum, prioritize placing the initial position for long positions near 3,580-3,550, and pay attention to the resistance around 3,680-3,700. If it breaks through, look towards the 4,000 mark.

For more strategic guidance, follow Yunsan's Weibo, 500,000-follower financial analyst: Blockchain Yunsan

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