Market overview:
As stated in the previous report, the view of the bullish pattern of Bitcoin remains unchanged, and the short-term focus is on the shock range. Now Bitcoin is fluctuating upwards and touching the supply zone near historical highs. Although there has not been a sharp decline in the market, the volatility has narrowed. It is currently in the 4H level since February 24. The real volatility is low, and the mainstream has rotated one after another It is in a high and volatile range. Among the mainstream currencies today, only Litecoin has risen slightly. This round of fund rotation has shown signs of stalling, so we must be careful to pay attention to risks. Follow-up attention will be paid to whether funds will return to the market and changes in the short-term bullish structure of Bitcoin.
BTC/USDT review analysis
Following the previous report, follow up to observe the short-term shock interval formed by the upper and lower edges of 55813 and 53134 of the 4H level heavy falling negative column, pay attention to the breakthrough of the interval, and still pay attention to the neckline at 52000 below. As shown in the figure, since the last report, Bitcoin has weakly broken through the upper edge of the short-term shock range at 55813, and then stepped back on the line above the solid yellow line at 55,000 in the figure, maintaining signs of bulls upwards, but hitting a historical high The nearby supply area has insufficient stamina. Follow up to observe the changes in the structure of the short-term Bitcoin rising channel. If it falls below the lower edge of the channel, focus on the short-term support line of 55,000 and the lower relay structure neckline demand area of 51857-52427. Otherwise, look at the previous high or even 60,000.
ETH/USDT review analysis
Following the previous report, Ethereum has formed a certain short-term pressure in the supply area near the yellow solid line 1725 at the top of the chart. Since the Ethereum analysis report on March 8th, although Ethereum has encountered resistance at 1725 and stagflation has occurred for nearly 12 hours, it has successfully broken through the resistance level and successfully transformed this pressure level into a support level and obtained A support test, the current 1725 line constitutes a short-term support level, and the ETH/BTC exchange rate has fallen back to the previous low shock area again, reflecting that funds are not active enough. Follow up to pay attention to the movement of Bitcoin funds and its own support level. If it falls below the short-term support of 1725, then pay attention to the demand zone of 1513-1564 below.
DOT/USDT review analysis
As shown in the figure, Polkadot was blocked at the upper weekly pressure level and retreated to the upper edge of the short-term demand zone to repeatedly oscillate, which caused a certain consumption of the potential demand below and weakened the resistance effect. In the follow-up, pay attention to the dead angle support level formed by the lower edge of the triangle and the lower edge of the short-term demand zone around 34.8. If it falls below, pay attention to the lower support around 32. Otherwise, there is a certain probability of breaking through the previous high resistance level of 38.7; it is also necessary to pay attention to the largest unstaking peak in the past week Tomorrow, the number of unstaking reached 6.7022M.
This article is for reference only and does not constitute any investment advice
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