【March 24】Bitcoin/Ethereum Real-Time Market Analysis Strategy
Bros, Bitcoin is hovering around 70500 right now, going nowhere, it's driving people crazy. Just got rescued by the bottom-fishing army from 67300, shot up here in one go, and directly slammed into the key resistance level. Right now bulls and bears are locked in a power struggle, who wins or loses, all depends on this wave.
Daily Chart:
Bears haven't completely given up. MACD death cross is still there, but the green histogram is almost gone, showing bearish momentum is weakening. RSI is quietly warming up, that's a good signal. 68000 is still the lifeline support, and above that 71000-72500 is the welded-down resistance wall. If 71000 holds steady, that's a real rebound; if it can't hold, it's all fake moves.
4-Hour Chart:
This rebound wave is seriously strong, shot right up after touching bottom at 67300, MACD golden cross with expanding red histogram, bullish momentum is crazy strong. But watch out, KDJ is about to hit the overbought zone, don't chase too hard, watch out for whales' bull trap to harvest retail. Now it all comes down to 71000—if it holds steady, it'll go straight for 72000 or even higher, if not it'll cool down halfway.
1-Hour Chart:
Main thing is it's been annoying to watch. Bull momentum is getting a bit tired, but at least volume is still there—volume expands on rebound, shrinks on pullback, overall bulls are still in control. Now we're just waiting for a breakout signal, don't rush to bottom-fish, this kind of wave coming up from bottom rebound is very likely a bull trap.
Bitcoin Trading Strategy for 3.24:
1、Short 71500-70700, stop loss 72500, target 69700-69100
2、Long 68100-68700, stop loss 67100, target 69400-70200
Ethereum Trading Strategy for 3.24:
1、Short 2165-2135, stop loss 2205, target 2085-2045
2、Long 2035-2065, stop loss 2005, target 2105-2135
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