Market analysis on March 4: stable trend, calm mind

At this stage, Bitcoin, Ethereum, and major mainstream currencies are rebounding from the zero axis in 30 minutes. Bitcoin is also relatively stable. Now it has to break through the zero axis pressure after 6 hours and 12 hours.

However, the golden cross has been formed in 6 hours, and the yang column is also formed in 12 hours. The market outlook is still bullish, but every time it encounters pressure, it will definitely withdraw. Don’t panic because of every callback. exist.

Many people say how the weekly line is doing. This time the daily line has rebounded, and it has eaten up more than 50% of last week's Yin K, which shows that it has already eaten the bull. As long as Bitcoin does not fall below the 50% support, it is equivalent to almost After eating Yinxian,

According to the monthly line, many people say that the upper shadow line is not ideal and not good-looking, but this wave of rebound still delays the upper shadow line by more than 50% of the golden section line, which shows that this upper shadow line has also inserted a Needle, just a wave of breakthrough, just wait for the breakthrough.

Upper pressure: 51843

Lower support: 50356