Analyst Chen Shu: March 17 Afternoon Bitcoin and Ethereum Market Strategy Report, Under Pressure with Focus on Breaking Through the 8.53 Resistance Level

Market Analysis:

From the daily chart, Bitcoin closed with a small bearish candle yesterday, with prices oscillating around the daily MA5/10 moving averages. In the short term, there is a clear short-term resistance at the 8.5 level. The daily chart will focus on whether the price can stabilize above 8.53. On the 4-hour chart, the price is constrained by the MA60 moving average at the 8.53 level, while on the 1-hour level, it is constrained by the MA256 moving average at the 8.38 level. The 8.38 level is also the resistance level of the weekly MA30 moving average, with support referenced at the 4-hour oscillation low of 8.25.

From the daily chart, Ethereum has consistently failed to break through the daily MA10 moving average at 1940. As the MA10 moving average continues to decline, the price will eventually contest this level. On the 4-hour chart, the short-term volatility is relatively small, and it is expected that the price will continue to oscillate around the 1950-1850 range.

Afternoon Trading Strategy (Written at 14:30):

BTC: Short at 8.53, stop loss at 600 points, target at 8.35/8.25; consider going long in the 8.15/8.0 range depending on the situation.

ETH: Short at 1920, stop loss at 35 points, target at 1860/1850 level.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

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。