3.23 BTC/ETH Market Outlook: Geopolitical factors caused gold to plummet at the opening on Monday. It's said that when cannons roar, gold soars; this time, oil prices took off, causing gold to fall. Bitcoin also continued its downward trend. Last Friday, we publicly recommended shorting at 70500 and Ethereum at 2160, which we successfully guided everyone to 68000 and 65000 respectively – everyone profited! If you missed out, don't worry, there are opportunities every day. As long as the direction is right, you'll eventually get on board and make money! Bitcoin's weekly chart closed with a large inverted hammer candlestick, ending the previous two-week winning streak. The price broke below 68000. All three Bollinger Bands are widening downwards, with the lower band flattening out and opening lower again, indicating further downside potential. The MACD is still showing increasing bearish momentum. On the daily chart, the price rebounded to around 76,000 before encountering resistance and retracing, breaking through the middle Bollinger Band support. The lower Bollinger Band is widening downwards, creating room for further decline. The KDJ and RSI indicators, after being overbought at high levels, formed a death cross and continued to decline. The MACD bearish momentum continues to increase. On the short-term 4-hour chart, the price continues to decline, pressured by the lower Bollinger Band, repeatedly testing it with false breakouts. The KDJ and RSI indicators are oversold at low levels and show signs of turning upwards, suggesting a need for a rebound correction. Avoid being overly aggressive in shorting. The MACD bearish momentum continues to increase. On the hourly chart, all three Bollinger Bands are widening downwards, with the price consistently pressured by the middle band, forcing the lower band to widen further downwards. The intraday strategy is primarily shorting on rallies. Those holding short positions from last week at 70,500 can continue to hold, watching the 65,000 support level. Those without short positions should patiently wait for a rebound to allow the indicators to correct slightly before entering short positions; this will be a more prudent approach. More details are omitted here. The intraday short-selling plan has been arranged; the rest is up to time! $BTC #Gold suffers its biggest weekly drop in 43 years
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection26
like31
share