On March 13, the market reversed and the high position prevented the head from breaking

Transactions are never completed overnight, patiently wait for the emergence of a certain signal, and avoid blind investment in the high-risk ambiguous stage.

Investors had been concerned that the Fed’s fastest rate hikes in decades would tip the balance of something in the economy. There was a domino effect last week with events such as the Silicon Valley Bank thunderstorm. Silicon Valley banks collapsed Friday after suffering a run on deposits. It was the second-largest bank to fail in U.S. history, and the incident heightened fears that a year of rapid tightening of financial conditions would eventually spill over into the financial sector. At the same time, we need to pay attention to the impact of the announcement of the CPI data on the market this Tuesday. Next, let’s take a look at the market situation.

l Market Analysis BTC

From the picture above, we can see that the current bulls are very strong, but there is resistance at the top line of 22600, which is also the BOLL mid-track suppression position. The lower support first looks at 21500, and the current currency price fluctuates slightly at 22200-22300. It is not recommended to do any action here. Although there is a certain amount of space below to operate, but the momentum of the bulls is currently very strong, it is not worthwhile to break the stop loss by a few hundred points. Therefore, my personal thinking is to refer to the nearby suppression position to enter the market. In this way, the stop loss does not need to be too large, and a small stop loss point can be used to maximize profit margins.

l Market Analysis ETH

ETH is relatively stronger than BTC. Although the indicators are already at a high level and there is a need for a callback, the market has not stepped back yet. For the upper pressure level, first pay attention to the 1620 first-line support and the lower support focus on the 1530-1550 range. Before breaking the position, we can refer to the range to enter the market. Once the market breaks the position, we can follow the trend and enter the market.

l Disclaimer

The market is changing rapidly and the market fluctuates rapidly. Personal opinions and suggestions are not real-time and are for reference only.

l Reminder

For more real-time point analysis of mainstream currencies, you can scan the QR code to add the official account “Jiuge in the circle”.

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