3.18 midday btc market analysis and operation suggestions

At night, the currency price rebounded slightly as scheduled, and the overall strength and height of the rebound was temporarily insufficient. Except that the price of Bitcoin was reversed to a position near the previous high, most of the other currencies still failed to rebound to the position of the previous suppression zone, which again increased Amid the divergent state of the market, Bit once again tested the suppression of the 60,000 level, while Ether failed to effectively follow the state for the time being.

In the current situation, the strength of the multi-party upside is temporarily weak, and the market is more sensitive. The shape and technical aspects continue to show an upward trend, but the signs of top divergence are getting heavier and heavier. At the position relative to the top, there is no corresponding big Yang line, so the top divergence at this position appears to be established. For Bit After testing the 60,000 mark again, if it fails to stand firm, the historical high pressure band ahead of 58,000 points will form a heavy pressure again, which means the establishment of a double top structure.

Looking at the daily indicators, the market has reversed and rebounded strongly. At present, it has broken the suppression of the MA5-day and MA10-day moving averages. The overall trend has returned to an upward rhythm. As long as the price does not fall below the lower support for subsequent callbacks, the intraday increase is expected to continue. The top short-term suppresses the 60,000 mark, and the strong pressure is 62,000 points. The strong pressure position is an important point for market reversal. If the currency price breaks through effectively, it will usher in a new round of rise.

From the perspective of the BTC four-hour indicator, the currency price is currently running above each moving average, the lower MA daily moving average is a short-term support point around 57800, the MACD double line is still running in the direction of the zero axis, the golden cross pattern has been formed, and the KDJ third line Continue to run upwards, and focus on the lower support at 57,800 and the upper resistance at 60,000 for intraday operations.

Operational strategy: enter the market with multiple orders around 57800-58000, the target stop profit is 59500-60000, break the position and see the previous high of 61800.