Director's 1009th original daily market analysis 2023.3.6
1. Market sentiment:
2. Chart structure:
1、#BTC
The structure of the Big Pie 4H:
Currently, Bitcoin has fallen for the third time in 4H. It has formed a bottom divergence in 4H, but it has not gone out of the market that should be a bottom divergence in 4H. It has been fluctuating sideways. In the short term, we still need to patiently observe the important support position of 22000 and the release of CPI next week.
So if we look at it from a short-term perspective, the market will probably wait for the CPI to be released before deciding on the direction. It depends on the CPI situation this time. If the situation is bad, it means that the probability of the Fed raising interest rates by 50 points will increase, so in the short term, it is better to wait patiently.
The structure of the pie 1H:
From the perspective of the 1H structure of Bitcoin, there is still a lack of the third decline in 1H. If the third decline occurs, it will form a bottom divergence in 1H, and then a high-level range bottom divergence will be formed.
The next support range is between 21500 and 20000. Then the decline of this daily pen will probably end, and the third daily pen will rise.
2、#ETH
The structure of Aunt 1H:
From yesterday to today, the trend has weakened a lot.
However, the structural trend is still the same as that of the big cake. I personally think that it is still missing a 1H decline, and the trend will be more perfect. Or in the short term, we can only know the direction after the CPI is released.
Personally, I suggest that you focus on short-term operations before the CPI is released.
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.
