Weekly Briefing for March 10, 2024
Everybody GE
Today is Sunday, March 10, 2024.
Last week, I told everyone in my weekly report that there is no need to panic and to focus on low and long prices. In fact, as predicted by the weekly report, although BTC and ETH experienced violent fluctuations in the past week, the final price of BTC still rose from 6.20,000 to 6.90,000 now.
At present, we continue to look forward to next week. The trend types of BTC and ETH are still roughly the same. My conclusion is that the 4h and daily major cycles are certainly not over yet. However, judging from the 1h chart, we need to start to be vigilant next week. If you have a full position in the mainstream and are not a currency hoarder who is prepared to hold it for a long time, then you need to reduce your position. Even if you are not shorting, you should start holding the currency and wait and see.
We'll see what the outcome is next week.
