Blockchain Liangqiu: 3.28 Bitcoin/Ethereum operation strategy with market analysis

Bitcoin/Ethereum fell again after two days of sideways fluctuations. Bitcoin hit a low of around 68,400, and Ethereum once reached around 3,460. The overall trend is now clearly weakening. Ethereum was also the first to weaken on the daily line, and did not keep up with the pace of the big market to make up for the increase. Moreover, the current market began to retrace after touching the middle track of the daily Bollinger Bands. The downward trend did not show a stop signal. There is still further room. First of all, what you need to pay attention to on the daily physical K-line is the suppression near 3530 to 3550 at the top. You can rely on the physical K-line to suppress the lower part and enter the short space. The lower part should first focus on the support near 3300 to 3350.

As for Bitcoin, it has obviously been much stronger during this period. If it cannot increase the volume in the future, it is likely that there will be greater room for decline. First of all, on the daily line, the 70,000 integer mark above has seen a top-to-bottom transition, from support to suppression. Now that the market has reached this point, the bottom is still paying attention to the support near 67,500 to 68,000. Once the support at this position is broken, it will directly look down to the mark near 64,000. Judging from the MA moving average, the 7-day, 10-day, and 30-day moving averages began to coincide with the 67,000 to 67,500 line to form support, which also verified the important top-to-bottom transition position near 68,000 in the early stage.

In the day operation, we still choose to enter the market with short orders. Bitcoin enters with short orders near 69400 to 69700, and the target is around 68000 first; Ethereum enters with short orders near 3510 to 3530, with the target around 3400 to 3430. Posting is time-sensitive, market fluctuations are large, and more strategies are based on real-time guidance. #BTC #ETH