Liying in the Crypto Circle: 3.12 The Short Position Remains! The overall trend of Bitcoin is still weak, and Ethereum's rebound momentum is insufficient. Can the long-term downtrend be reversed? Latest Market Analysis
Bitcoin Analysis
Article Published on 2025.3.12—01:30
Current price of Bitcoin is 81,200. Following Liying's approach to trade with the trend, isn't it comfortable to take trend-following positions? Even though the market has been bearish, many people still refuse to believe it and try to catch the bottom and grab rebounds. Currently, we can see that after significant fluctuations in the K-line pattern, there has been a rebound back above 80,000, with the daily line forming a bullish candle, indicating that the buying power has increased in the short term, but it does not mean that the bulls have taken control. The technical indicators show that the 4-hour MACD is in negative territory, and the daily MACD remains negative, so the overall market is still dominated by bears. The 4-hour RSI indicates a bearish market sentiment. The short-term EMA resistance level has been broken, with key resistance levels at 83,500 for the mid-term and 88,000 for the long-term. We can enter short positions after these resistance levels are reached, ensuring to set stop-losses for safety first.
Today's Liying Point Predictions
Long entry at 79,000, add long at 78,500, stop at 78,000, target 81,000
Short entry at 83,000, add short at 84,000, stop at 84,500, target 80,000
Ethereum Analysis
Ethereum has ultimately fallen below 2,000, confirming that Liying's approach is effective. Following the trend and shorting has provided good opportunities regardless of the amount. The K-line pattern clearly shows that the recent price has retreated from high levels, forming a series of bearish candles, indicating heavy selling pressure in the market. There are signs of a rebound near the lows, but the overall trend remains downward. The technical indicators show that the MACD bearish momentum is weakening, and a short-term rebound is a good thing for us. We can continue to short after the resistance levels are reached. The RSI is hovering in the oversold zone, and the EMA short-term, mid-term, and long-term moving averages present significant resistance. We need to pay attention to whether these moving averages can be broken. The strategy is to primarily short at highs and occasionally long at lows.
Today's Latest Point References
Long entry at 1,850, add at 1,800, stop at 1,750, target 1,950
Short entry at 1,950, add at 2,000, stop at 2,050, target 1,850
The above analysis by Liying is based on market data and trend analysis and does not constitute investment advice. For reference only. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying 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, Liying feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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