2024.3.25 #BTC Market Analysis

Chart Analysis (H1 Chart)

1) The blue range oscillates between intervals. If it does not break H4, it is bearish on OB (6W9), and we should still watch the volatile market.

2) The H4 level is still in a downward trend, and it needs to break through H4 to be bullish on OB. However, the current range is an upward trend of H1. Yesterday, I also said that H1 OB will accumulate funds here and the structure will destroy MSB. Then I will continue to be optimistic about it. Then continue to look at the bearish OB test on H4.

my point of view:

If the small level refuses to distribute, the contract can first take half of the profit, that is, within the shock range, that is, buy low and sell high (remember not to go short); if it breaks through the H4 bearish OB, then just step back and add to the position.

I think it’s okay to hold on to the spot. 6W is almost the bottom this time.

3) At present, I will look at range-EQ first before stepping back. Stand firm here to accumulate funds and continue to look upward.

Trading recommendations:

1) Continue to pay attention to the bearish OB on H4, test it, and refuse to take profit in the short term of the contract.

2) In the short term, pay attention to the opportunity to accumulate funds near 65500.

3) Pay attention to 5W9-6W pin test buying opportunities

4) After breaking through 6W9, it is recommended to buy spot for short positions.

PS: This article is only my personal opinion and is not intended as investment advice. Please be responsible for your profits and losses. The community morning report is updated twice a day and contains market analysis of multiple trading pairs such as #BTC📷📷📷#ETH#SOL. Welcome to join the community to read.