March 31, Monday, Bitcoin Ethereum Morning Analysis!
In the past few days, Bitcoin has dropped from 87,000 to 81,600, while Ethereum has fallen from 91,912 to 1,766. Today marks the beginning of a new week, and we sincerely pray for wealth from all directions, hoping this week will also be a week of prosperity! This morning, my short position is still open; we won’t turn back until we see around 81,000 for Bitcoin, and for Ethereum, I’m looking around 1,740. I won’t elaborate too much here; I haven't had breakfast yet because things are too hot right now, and the market moved as soon as I woke up!
From a technical structure perspective, on the four-hour level, the running channel continues to show a narrow downward trend, with prices continuing a weak bearish trend without forming a significant rebound. The volume is arranged in a weak bullish formation, and the moving averages are consistently trending downwards; the short-term still favors the bearish side.
On the daily level, the running channel continues downward, with prices maintaining a weak consolidation in the middle-upper range. After the plunge, there hasn't been an effective pullback, and the bearish volume continues to shrink. The moving averages have not seen a significant joint upward movement. Personally, I still favor a bearish approach for this week, and whether the market can recover after the support needs to be followed up on later.
Bitcoin personal trading advice: Short around 82,700, target at 81,700-80,700.
Ethereum personal trading advice: Short around 1,810, target at 1,880-1,840.
In the past few days, Bitcoin has dropped from 87,000 to 81,600, while Ethereum has fallen from 91,912 to 1,766. Today marks the beginning of a new week, and we sincerely pray for wealth from all directions, hoping this week will also be a week of prosperity! This morning, my short position is still open; we won’t turn back until we see around 81,000 for Bitcoin, and for Ethereum, I’m looking around 1,740. I won’t elaborate too much here; I haven't had breakfast yet because things are too hot right now, and the market moved as soon as I woke up!
From a technical structure perspective, on the four-hour level, the running channel continues to show a narrow downward trend, with prices continuing a weak bearish trend without forming a significant rebound. The volume is arranged in a weak bullish formation, and the moving averages are consistently trending downwards; the short-term still favors the bearish side.
On the daily level, the running channel continues downward, with prices maintaining a weak consolidation in the middle-upper range. After the plunge, there hasn't been an effective pullback, and the bearish volume continues to shrink. The moving averages have not seen a significant joint upward movement. Personally, I still favor a bearish approach for this week, and whether the market can recover after the support needs to be followed up on later.
Bitcoin personal trading advice: Short around 82,700, target at 81,700-80,700.
Ethereum personal trading advice: Short around 1,810, target at 1,880-1,840.
