Director's 1026th original daily market analysis 2023.3.24
1. Market sentiment:
2. Chart structure:
1、#BTC
The structure of the pie 2H:
Bitcoin is still mainly oscillating within this center, oscillating in the area of 26800 on the lower edge and 28600 on the upper edge. There is no direction choice in the short term.
Those who make trend orders need to wait patiently for the market to choose a direction and see where it will break through.
If it falls below 26800, then it depends on whether 2.5w can hold. If it can hold, there is a high probability of a new 4H rise. If it can’t hold, there will also be a 4H rise, but there will be no new high. If it can hold, there is a probability of a new high. This is the difference between the two.
The structure of the 15F pancake:
Currently, the big cake is drawing the Great Wall in this structure of 15F, going up and down, up and down. It is recommended to place orders near the upper and lower edges.
At this stage, don’t look at it going up, it is very likely to draw a door, don’t look down, it may be pulled up and continue to oscillate. To get out of the market, it is still necessary to leave the central oscillation and follow the trend. Just wait patiently.
2、#ETH
The structure of Aunt 2H:
The structure of Auntie is the same as that of Pie in the Pancake. It also repeatedly draws the Great Wall trend here. Let's see whether the 1700-1680 area can hold up. If it can, there will be no problem. If it can't, it will fall back to the daily convergence triangle center of the previous 9 months.
In the short term, you can just do the opposite near the upper and lower edges, and the market will be volatile.
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, which does not constitute buying or selling advice. You are free to buy and sell at your own risk.
