March 21 Crypto Market Analysis

【Bull-Bear Dividing Line】
Strategy: ✅ shows weak performance, choose to observe ✅
【ETH & BTC】
Today I'll explain the BTC status with resonance charts from both large and small cycles (ETH trend references BTC)
1. Weekly chart shows obvious three-stage decline, KDJ low point has broken the threshold of 20, there's a fractal at the bottom, which is confirmatory, high probability of reversing the downtrend.
2. On daily and 12-hour levels, it's obvious that overall price is in an uptrend channel,
Coin price is oscillating near the trendline, 12-hour level has already started probing the trendline.
3. Look for entry points on 1-hour level for trading, don't count your chickens before they hatch. Requirement: 1-hour closing price must pass MA55 moving average before opening positions, stop loss can be placed at the bottom of the oscillation zone
4. Don't rush to trade short positions, currently hasn't formed a breakdown of the uptrend on daily and 12-hour levels, requirement: select short positions for trading after the solid bearish candle breaks through.
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All views represent personal opinions only
Not investment advice, DYOR
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