Preface: Investment carries risks, and operations should be conducted with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, and you are welcome to read!
Article writing time: March 31, 10:38 AM Beijing Time
Market Information
- Goldman Sachs raises the probability of a U.S. economic recession and expectations for tariff rates;
- Senator Ted Cruz states that Elizabeth Warren and China hate Bitcoin "because the government cannot control it."
- The probability of the Federal Reserve cutting interest rates by 25 basis points in May is 18.5%;
- Analysts: If Trump implements comprehensive tariffs, the strength of the dollar is unsustainable;
- Due to the latest U.S. inflation data affecting market sentiment, the cryptocurrency market has plummeted;
Market Review
Before the decline, we placed a long position near 97, targeting the 90,000 level. The highest point for Bitcoin was 88,794, which is not far from 90,000, but because it did not reach 90,000, the market did not continue to rise, leading to a subsequent decline. Those who did not exit their long positions around 87 ended up with a small loss of 1,500 points. Ethereum's long position at 2,035 reached a maximum of around 2,105, also yielding some small profits, but those who did not exit in time also faced stop-loss exits. I apologize for not updating in a timely manner over the past two days and for not notifying everyone to secure profits. Articles have a time sensitivity; if you need first-hand strategies, you can contact me through the contact information below;
Market Analysis
BTC:
On the daily chart, the rebound pressure zone for Bitcoin before the decline is between 88,000 and 91,000, with the highest rebound point at 88,794, which is basically within the rebound pressure zone. Since this rebound broke through the previous short-term high of 87,467, we can attempt to chase the rise, which also has some profit potential. However, I did not notify everyone to exit in time, leading to the current downward trend. The effective support point below is around 79,200, which is also near the previous support at 79,500. This is a relatively strong support position during the decline. Bitcoin reaching this position can allow for long positions. The current price is still over 2,000 points away from 79,500, so if you want to catch it, just take a light position and set a good stop-loss. Recommended entry points: long near 79,200, add positions at 78,200, stop-loss at 77,200, and target the 84,000-85,100 range. Please manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses;
ETH:
On the daily chart, Ethereum's overall trend is too weak. This short-term rebound has not yet reached the 50% level of the previous decline. The current price is already close to the low point of 1,752. If it breaks below this, there will be a deeper decline. The support point below Ethereum will be around 1,550. Ethereum tends to decline more sharply than Bitcoin, so it is not advisable to hold long positions. You can consider shorting around 1,850 with a small stop-loss, and then go long again when it drops to around 1,550. Please manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses;
In summary:
Both Bitcoin and Ethereum still have room for short-term pullbacks. After the decline, pay attention to the support situation before making further arrangements;
The article is time-sensitive, be aware of risks, and the above is only personal advice for reference!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
If you don't like it, you must have your own standards for what you do like. All negativity is the opposite of positive perception. The matter itself is not important; what matters is what changes you can achieve through it and what impact it can have! Some people like one-sided trends, some like fluctuations, some excel in rising markets, while others are obsessed with declines. No one is absolutely right, and no one is absolutely wrong. If you don't like it, it doesn't meet your standards; what you can't do may be what others excel at.
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