Analysis of the market on March 1: the first stage of 43000 has bottomed out
Monday, March 1, 2021, the eighteenth day of the first month of the lunar calendar [Xin Chou Year Geng Yin Month Wu Shen Day]
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At the end of February, the market rebounded sharply on the first day of March, so is the bull market reopening? Or should we continue to oscillate? Let's analyze it with everyone!
Yitian said【BTC/USDT】
We can see that the market trend in the two days of the weekend was downward overall. It rebounded quickly after falling below 44,000 twice. It successfully touched the bottom of the first stage at the 43,000 mark in the early morning of this morning; however, the lack of upside power caused it to continue to fall later.
So the current lowest point is 43000, and it is currently running around 46300, so the rebound is stronger, but it has not regained the previous point, and finally it is under pressure around 46600, the 23.6% Fibonacci position.
Operation idea:
Operation idea:
Pay attention to the breakthrough situation around 46600 at the 23.6% position of Fibonacci, and then further stabilize the top, and see more around 47400;
On the contrary, if it continues to be suppressed, it will continue to bottom out in the short term, first look around 45,500, and then look at 45,000.
Yitian said【ETH/USDT】
Ether followed the big pie linkage, the high reached 1456, failed to stabilize at the top, the price was under pressure and stepped back, and the current price is running around 1442;
On the 4-hour level, the closing line has 3 consecutive positives, the price backtests the attack line support, the Bollinger Channel shrinks, the attack line is biased upward, the attached indicators are increasing in volume, and the price has a downward trend;
Yitian believes that the bulls are in a strong mood within the day, and the price has been pulled up by more than 150 points. At present, the price is blocked. In the future, we need to pay attention to the breakout situation of this position. If it can break through, the price is expected to go up again and test the 1500 line. If it cannot break through, the price will fall. It will be under pressure again to test the support below 1400. Before the market is clear, short-term profits can be grasped by interval operation, focusing on the first-line suppression of 1456-1460 at the top, and first-line support at 1390-1400 at the bottom;
Yitian said【BCH/USDT】
Prince Edward was also affected by the broader market during the day, and the price rose slightly within the day. It is currently fluctuating around the 464 position, and the bullish sentiment has picked up slightly. However, the key upper suppression of the 490-500 area has not been broken, so the overall callback trend is not over. It is possible to fall back under pressure again. It is not recommended to blindly chase the rise before breaking the position, and the operation is still mainly at high altitudes. The location focuses on the 480 line.
