Cryptocurrency Circle Liying: On March 20, Bitcoin short-term bullish pursuit, targeting 86,000! The battle for Ethereum at 2,000! Can it break through the 2,100 mark? Latest market analysis.

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7 hours ago

Pionex: Bitcoin 3.20 Latest Market Analysis

Article Published on 2025.3.20—02:30

The current price of Bitcoin is 84,500. The interest rate decision has just concluded, and the market has not yet gained momentum. In the short term, it is mainly bullish. Those interested can consider a light long position, targeting a gain of one to two thousand points without any issues. From a technical perspective, the K-line is oscillating at a high level, and after significant fluctuations on the daily chart, it is gradually converging, possibly entering a consolidation phase. The 4-hour MACD needs to be monitored for a potential death cross. The short-term trend is slightly strong; however, it is still far below the EMA120, indicating that the long-term trend remains under pressure. Therefore, it is possible to pursue long positions in the short term, and one can take a wave without being greedy.

Today's Pionex Point Forecast

  • Long Entry: 83,500, add long at 83,000, stop at 500, target 85,000
  • Short Entry: 86,000, add short at 86,500, stop at 500, target 83,500

Ethereum Analysis

After breaking the 1,965 level, Ethereum surged past 2,000 and has returned to the 2,000 mark. Currently, the market has a high turnover rate in the concentrated area of chips. Due to news influences, it is expected to challenge the 2,100 level. The strategy is to maintain above 2,000 effectively, set a stop loss, and capture a wave. If wrong, there will be a loss; if right, it will be a significant profit. The K-line pattern shows a clear upward trend, with buying power and sentiment being optimistic. The MACD indicates strong upward momentum, supporting a continued bullish outlook. The short-term EMA is diverging upwards, supporting prices to continue rising, so the strategy is to remain bullish and not short for now.

Today's Latest Point Reference

  • Long Entry: 1,990, add at 1,960, stop at 1,930, target 2,050
  • Short Entry: 2,110, add short at 2,150, stop at 2,175, target 2,000

The above analysis by Pionex is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex 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, Pionex feels a responsibility to share her insights and hopes to assist others with dreams in finding their place in this ever-changing market and embarking on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are to be borne by the reader.

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