Today is the last day of March. There are not too many bad news this month, and the melons are not too small. However, Bitcoin is indeed not afraid of wind and rain and has a long way to go. This makes me very excited.....
monthly level
The trend of #BTC on the monthly line is very beautiful. Putting aside the news and just looking at the market, there is no weak trend at all.
Weekly Level
There have been two consecutive weeks of cross stars on the weekly K-line. The market is still divided. Combined with the analysis of volume, the volume of the cross star is shrinking. I personally still see more bullish than bearish
4-hour level
The 4-hour level failed to break the previous high at 10 am yesterday and is currently in a range correction. I have previously expressed a view that there is a high probability of a bull flag in this range (just look for the previous article).
Conclusion
1. If you have a short position (contract) at 29000, hold it and look at the lower edge of the center. If it falls below, look at 25200.
2: (Contract) Long orders are not in a hurry to enter the market, wait for the stop loss signal to appear (confirmed by the coincidence of small-level divergence indicators and Fibonacci) and enter the market to break through 29,000
3: Spot part
If you hold Bitcoin, you can consider exchanging it for ETH/BTC trading pair
If you are holding a copycat, there are two ideas:
1. Hold firmly and buy at low prices. Look at the long term (requires batch construction)
2. Swing trading (this method requires skills and time to watch the market, not recommended. Suitable for grid trading strategy)
Personal judgment
There is a high probability that Bitcoin will continue to fluctuate in the range, and Ethereum, combined with the upgrade concept, should lead the altcoin to a wave of compensatory gains.
Personal position operation ideas: 30% position for copycat, 60% position for mainstream, 10% position for futures
Personal holdings: GAL holds 20,000 U spot, cost price 1.9, holding time one month (position 66%)
The account funds made a profit of 50% in Q1 2023. I will show you the picture in the next article. Remember to pay attention, pay attention, and pay attention.
