Liangqiu, Blockchain: 3.29 Bitcoin/Ethereum Operation Strategy with Market Analysis

Bitcoin/Ethereum's short position strategy was deployed again last night. As soon as the article was released, the market began to fluctuate and fall. Bitcoin hit a low of around 70,300. As expected, Ethereum was weaker than Bitcoin, hitting a low of around 3,535. The overall volatility was not very large, and the continuity of long and short positions was not strong. As the end of the month and the weekend approached, if the market did not further break through the upper pressure, the subsequent risk of decline would increase. Friends who followed the operation during this period should have a very good overall space.

In four hours, the Bollinger Bands all began to shrink. Bitcoin touched the upper rail of the Bollinger Band last night and began to fluctuate and fall. Ethereum even started to fall without breaking through the middle rail area. The downward trend of Ethereum on the daily line is even more obvious. The daily Bollinger Bands began to turn downward. Under the pressure of the middle rail, the upper pressure gradually moved downward. Ethereum needs to pay attention to the suppression near 3,630 in the future. This position happens to be the location of the MA30 daily moving average. Bitcoin is still fluctuating in a narrow range as a whole. The support of 68,000 is still concerned below, and the suppression of 72,000 above.

For intraday operations, short orders are entered at around 70800 to 71100 for Bitcoin, with a target of around 69300; short orders are entered at around 3590 to 3610 for Ethereum, with a target of around 3500. The posting is time-sensitive, the market fluctuates greatly, and more strategies are based on real-time guidance. #BTC #ETH