24/03/11 BTC hit a new high of 70,000, weekend rebound was rejected again, beware of short-term callback risks

First of all, we are not shorting, but just reminding the risks in the stage. The overall position is still long. In the early 2023, we saw 35,000, and then we saw 48,000. On January 24, we reminded to buy the bottom again and see 48,000. From February 12, we reminded to continue to hold or increase positions. We also reminded the Spring Festival market every year. We did not miss the opportunity, but just locked in profits in the stage and waited for greater opportunities. There must be errors in analysis in the middle. The overall accuracy rate is about 60-70%. We were the first to see 3,000 in Ethereum, and then we continued to see 3,500-4,000. As of press time, the highest was 3,993, a difference of 7 points to 4,000. Others are greedy, I am afraid, others are afraid, I am greedy.

This wave of Spring Festival market has continued to this day, which makes those who short and miss out on opportunities very uncomfortable. Recently, I have seen many Yongzhuan bloggers saying that they have been warning that the stock will rise to 69,000 or even more. I have done analysis and research along the way and I have not seen many of them. Everyone is crossing the river by feeling the stones and taking one step at a time. If you are not trapped or investing regularly, it is difficult to hold on all the way. Those who understand will understand.

Of course, don't completely trust and rely on someone, including me. No one is a god. Make your own trading plan and execute it unswervingly. Make profits within your own cognitive scope. Reject FOMO. The crazier the market is, the calmer we should be.

Flatbread

There is no obvious turning point in the weekly closing, and the daily line has been sideways between 66000-70000 for a week. The key support 68233 is also the top of the 3/05 pin bar. Only if it falls below, we will see the CME gap of 63400-64000 being filled. The daily volume and price diverge. The 4-hour line has an upward channel and another pin is inserted in the morning. Pay attention to the situation in the channel.

Theoretically, 69,000 or 70,000 has already gone through the pressure. There is no locked-in position above, it is just psychological pressure. It is normal to directly rush to 80,000-100,000, but this wave of Spring Festival market has risen rapidly by nearly 30,000 points, which is beyond the expectations of most people. Dog market has reached the historical high to test the selling pressure. Steady operation callback to 63,400-64,000 (not necessarily in a short time) and add positions in batches or wait for the 70,000 high point to break through before following up.

Many people will miss many opportunities to bottom out during a bull market correction. One reason is that there are too many pins and most people dare not take them, and the other is that they always hope for a lower price.

support:

pressure:

ether

With the Cancun upgrade approaching, Ether has shown signs of sluggish growth and the range of growth is getting smaller and smaller. What needs to be noted is that the good news has turned into bad news. The weekly line rebounded to below the Fibonacci 0.786 (4015) and was blocked. The daily line frequently went up and down and stepped back to 3200-3400, and you can add positions in batches.

The 4-hour trend is a box-shaped oscillation between 3700 and 4000, MACD top divergence, volume and price also diverge. The price trends of Bitcoin and Ethereum diverge.

support:

pressure:

The ETH/BTC exchange rate has been following our thinking with an accuracy rate of 90%, as can be seen from the analysis in October 2023. The weekly bottom divergence has been going on for a long time and the descending wedge will sooner or later break through. By then, it will be the era of Ethereum-led cottage carnival, and the daily line will still fluctuate in a box.

ETF inflow and outflow:

Grayscale GBTC No. 7 had an outflow of 303 million, a total outflow of 10.553 billion, and a total ETF net inflow of 9.595 billion.$BTC $ETH $BNB #热门话题 #PIXEL #内容挖矿