[2024.3.1 BTC/ETH intraday market analysis]
Before I knew it, it was already March 1st. Time flies so fast in the adult world. I wonder if you all feel the same as me. All currencies closed on the monthly line today. Be careful of the monthly line stepping back. If the monthly line steps back on the level, the decline will be large that day. Everyone should pay attention to the risks and do a good job of contract stop loss. If you want to reduce your position in the short-term spot band, you can reduce your position. No. If you want to reduce your position, take it long.
There is still a chance to get on the market after the market pullback. Now I don’t dare to recommend it to everyone. There is definitely a profit margin, but from another perspective, at this price, I don’t even dare to get on. I don’t dare to recommend brothers to get on the bus. There are copycats. Opportunities, many high-quality copycats have just launched their weekly and monthly lines, and the pie has risen. High-quality copycats will definitely rise, so pay more attention!
This wave of decline in the early morning was unexpected. I talked about it in the small family at 7 o'clock last night, and the live broadcast at 8 o'clock reminded everyone again to lighten their positions with profits. Now looking back at 7 o'clock last night, it was also the highest point of the Ethereum pie, so I figured it out!
Today’s order ideas:
The market will have a 4-hour callback on the short side in the current 1/2 hour. Today's small-level rebound will pay attention to the two pressure positions above 61900-62850. If it stands above 62850, the 4-hour callback will end and it will stand on the long side again. The market is likely to go up, and the upper target is 63570. -64365 is near these locations.
If it fails to rebound, the market will most likely continue to decline. Pay attention to the lower support levels near 60500-59820-57000.
The short side of Ether has a 4-hour callback in the current 1/2 hour. Today's small-level rebound pays attention to the pressure position of 3406 above. If it stands above 3406, the 4-hour callback will end and it will stand on the long side again. The market is likely to go up. The upper targets are 3441-3471. Location nearby.
If it fails to rebound, the market will most likely continue to fall back. Pay attention to the lower support levels near 3317-3201-3130#hottopic#BTC#ETH