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#ETH March 31, Tuesday morning Bitcoin and Ethereum latest ideas and analysis
There's no need to pursue perfection in everything; allow everything to happen, permit yourself to be imperfect, and accept that regrets exist. Reviewing the trend of Bitcoin during the early hours, the price rose to a high of 68,377, currently oscillating around 67,800. Ethereum's lowest was 2012, rising to 2093, now fluctuating around 2070. During the early hours, the "Xiaoyao" side also successfully took a short position.
Based on the current market, the four-hour rebound shows no volume, with decreasing volume on the rebound. Buying momentum is exhausted, MACD is weakly bullish below the zero line, with very short histogram bars and insufficient momentum, prone to a secondary death cross. The weak rebound and weak bullish trend have not broken out of the bearish zone. On the hourly chart, the upward channel's momentum is waning, with volume-price divergence showing multiple recent pullbacks after highs. Selling pressure above is heavy. The rebound is shrinking in volume, while the pullback is increasing in volume, indicating funds are exiting at highs. The "Xiaoyao" side maintains the idea of shorting on rallies.
March 30, Tuesday morning
BTC: Short around 68,500, target 67,000
ETH: Short around 2,100, target 2,000