Director's 1014th original daily market analysis 2023.3.12
1. Market sentiment:
2. Chart structure:
1、#BTC
The structure of pie 4H:
What we see now is the 4H hourly structure of the pie. What is currently running is the third 4H decline. If this fourth 4H decline is estimated to be almost over next week, then we will take a 4H rebound. If this rebound cannot break 22200, it will be a three-sell in 1H, and there will be a fifth 4H decline.
Only the pullback after breaking through 22200 belongs to the rising stage. Now it is still in a state where the entire daily decline has not been completed. It is estimated that we have to wait for the CPI to come out before deciding on the direction.
However, I personally think that as long as the CPI does not rebound, the market may have already priced in the price in advance. Therefore, if the CPI is released, the probability of an increase and a rebound is estimated to be relatively high.
The structure of the pie 1H:
Currently Bitcoin is still running the 1H rise mentioned yesterday. The pressure here is around 20800. After finishing this 1H rise, if it falls back and does not fall below 19700, then it can continue to run upward for another 1H rise.
Look at the strength of the third 1H rise. If it cannot break through 20800, then there is a high probability that a 1H center will be formed here. At that time, it depends on the CPI result.
If there is a 1H decline downward, plus two 1H central declines, then the probability of the end of the decline becomes greater. Of course, if it breaks through the center upwards, it also means the end of this 4H pullback.
So overall, no matter it continues to fall or breaks through, the structural trend is about to end. So my personal opinion from the market is that as long as the CPI does not rebound, the probability of a rebound is very high.
2、#ETH
The structure of Aunt 1H:
Compared with the trend of big cake, the trend of concubine is very strong.
The main core still lies in the potential benefits of Shanghai’s upgrading, and the fact that it has been in a state of deflation, so the overall performance of Yitai will definitely not be bad in the future. Therefore, in the subsequent operations, you can pay more attention to Yitai, and the profits that can be earned from Yitai may be much greater.
END
Kind tips
Investing is risky. For investment with spare money, remember to never fully invest and never take out loans. We only provide information and do not constitute buying or selling advice. You are free to buy and sell at your own risk.
