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3.9, Monday, Bitcoin and Ethereum Afternoon Analysis!
Over the weekend, those who followed my signals and kept up with the rhythm have already made gains. In the afternoon, we should mainly focus on shorting at high points; a rebound is a good opportunity to short. There is still plenty of room below, just waiting for the right moment. A new week begins with a good start—good luck in the comments, and may you all make big profits this week!!
From the 1-hour technical indicator chart, after a price surge, a weak correction is evident. There is some downward movement demand, but not strong enough. The bearish momentum is shrinking, and the moving averages show a slight upward turn. In the short term, there is some rebound demand, but I am not optimistic about a continued surge. Our main strategy for the upcoming period is to focus on shorting at high points.
From the 4-hour technical indicator chart, after a price surge and correction, the middle band provides support. The slight rise and fall after the breakout of the narrowing channel indicate that the bulls are losing strength and turning into bears. The moving averages are turning downward. The short-term oscillation will continue with wider fluctuations, and further downward movement is expected. The short-term performance is slow, with limited momentum. We will continue to operate around the oscillation pattern, mainly participating in short positions.
Bitcoin personal trading suggestion: Short around 68,000-68,500, target 66,500-66,000.
Ethereum personal trading suggestion: Short around 2,000-2,020, target 1,920-1,880.