3.17 Bitcoin/Ethereum Market Analysis and Thought Reference

Bitcoin's daily K-line fluctuates between 82,350 and 85,150. The main force tested the EMA15 trend line resistance at 85,000 and then retraced, showing a double-top bearish signal. Although MACD is expanding, the momentum is lacking; DIF and DEA are not diverging at low levels. The K-line is under pressure from the mid-track at 85,400, with a downward target looking towards 78,350. The profit space for short positions exceeds 5,000 points.

On the four-hour K-line, after reaching a high of 85,000, it retraced to 83,600 and is now consolidating. The long upper shadow suggests that the main force is unloading. At this time, MACD is contracting, with DIF and DEA forming a death cross downwards. The Bollinger Bands are horizontal, and the K-line is supported at the mid-track of 83,300. Watch for support at the lower track of 80,600; a long position can be considered here, but currently, the focus should be on short positions.

Long Positions:

• Buy between 81,500 and 80,000, with additional purchases at 79,000. Set a stop-loss at 500 points. Target looks towards 86,500 to 87,500 and then 89,000.

Short Positions:

• Sell between 85,000 and 85,500, with additional sales at 86,000. Set a stop-loss at 500 points. Target looks towards 83,000 to 82,500 and then 81,500.

Regarding Ethereum (ETH), although its rebound is still weaker than Bitcoin's (BTC), there is still an expectation for a catch-up rally.

Long Positions for Ethereum:

• Buy between 1,850 and 1,800, with additional purchases at 1,750. Set a stop-loss at 50 points. Target looks towards 1,900 to 1,950 and then 2,000.

Short Positions for Ethereum:

• Sell between 1,920 and 1,900, with additional sales at 1,980. Set a stop-loss at 50 points. Target looks towards 1,850 to 1,800 and then 1,750.

The above content represents personal views only. It is essential to strictly set stop-losses, adjust leverage reasonably, and manage positions carefully. When trading, encountering losses and setting stop-losses is common; do not act impulsively or follow the crowd blindly! Every trade should have a strict stop-loss in place, set within a range you can afford to lose! $BTC

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