No matter what kind of people or events you face, please maintain inner strength and composure. In this world, what can truly defeat you is never external enemies, but the fears within you.

Hello everyone, I am trader Gege. Continuing from the last article, today is March 12th. Five years ago on 3/12, there has been a so-called commemoration of 3/12 every year, more out of nostalgia. Looking from the present perspective, the prices back then were indeed attractive. Some people might fantasize about selling their houses to invest all in, but that’s just wishful thinking. If you were to experience such a drop again now, would you dare? Probably not, which is normal. Being in that environment at the time would give you a different mindset; this is human nature. When Mr. Li from Hong Kong planned to delist domestically, Pan Shiyi chose to follow. Leaving aside other aspects, from an investor's perspective, the outcome is obvious. The contrast between being in the spotlight and being ignored requires immense courage to make a counter-trend decision.

A picture of a patina also witnesses the development of this circle over the past five years.

Back to the main topic, let’s discuss today’s technical analysis. The weekly level of Bitcoin continues to maintain the previous viewpoint, focusing on observing this week’s closing situation. The price has reached around 76,000, so based on the previously defined bullish mindset, it should not break below the bull-bear boundary, and the downside space will not be large. If the candlestick can close above and stand on the MA30, there will be a good rebound, at least recovering half of the drop from the previous bearish candlestick. Even if it continues to oscillate downwards or declines sharply, it will only touch near the trend line before having a good rebound. This is my personal thought from a technical perspective.

Both bulls and bears can profit in the short term; the key is to catch the rhythm. The previous daily candlestick closed as a bullish candlestick recovering the drop of the bearish candlestick, but today it did not continue the strength and was blocked at MA7. Yesterday's article mentioned that the indicators were leaning bearish, so it’s best not to chase shorts. This wave of market rebounded above 84,000; if you don’t chase, you won’t feel uncomfortable. At this stage, whether bullish or bearish, it’s the same; try to enter short-term, take profits, and run. The focus is still on observing the MA7 and EMA200 levels; only if it breaks and stabilizes can we look towards the mid-track. Conversely, the day will still be dominated by range oscillation.

At the 4H level, the bullish momentum is weak, and it has not stabilized at MA30 but has retreated to the mid-track again. If it maintains the current candlestick pattern of an upper shadow bearish candlestick until the close, there is a high probability that the market will test downwards again in the early morning. The rebound of Bitcoin is currently unable to drive the market, facing resistance at around 1960 and retreating. The daily level still maintains its original state, leaning towards weakness. As I said, even if it’s weak, don’t chase shorts at this moment; there’s a probability of another lower shadow closing. The short-term thinking continues to refer to the above, with key support levels being the areas to focus on.

For Bitcoin, use the previous low as a small boundary for reference. In the short term, it is recommended to buy around 78,500-77,500. If it breaks the previous low, buy around 75,800-74,800. For Ethereum, the short-term reference is synchronized with Bitcoin; if the previous low does not break, buy around 1,800-1,760. If it breaks, it is recommended to buy around 1,730-1,680.

The suggestions are for reference only. Please manage your risk when entering the market, and grasp the profit and stop-loss space yourself. Specific strategies should be consulted in real-time.

Alright, friends, we’ll see you next time. I wish everyone success in their trading endeavors and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today’s brief update ends here. For more real-time suggestions on Bitcoin and Ethereum, find Gege.

Written by / I am trader Gege, a friend willing to accompany you in your resurgence.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。