Strategy Analysis of Bitcoin and Ethereum on March 27th

iodct
3 min readMar 27, 2021

[news]

Today’s Panic and Greedy Index is 65 (compared with 54 yesterday), and the degree of greed has increased and the grade has changed to greed.The CEO of MasterCard said he was not interested in Bitcoin, preferring the central bank’s digital cash and stable currency.

[Bitcoin Market Analysis]

Yesterday, the price of Bitcoin once again continued to rise after breaking the upward pressure line. The corresponding price problem is also running above the MA100 again, and the price is currently near the recent key point of 55,000 for correction. Compared with today’s current high, the upside has reached around 55600. Although there has been a rapid drop, the market bull position remains high, as the upward momentum of the currency price can be continuously monitored during the day. Secondly, the judgment of the intraday support problem is still very important. The first line of concern is the support near MA100. The corresponding trend is near Fibonacci 0.382, with the price near 53620, followed by the lower support 52700. The hourly MACD is currently running at the top of the zero axis with a golden cross trend, but the corresponding fast and slow two lines have a certain bonding trend at present, so it is necessary to pay attention to the possibility of correction and fallback during the day. The hourly KDJ is currently running in a continuous dead-end divergence trend. The drop after the D-line corresponding index goes up to the 80 overbought zone has made the D-line corresponding index below 80 at present. Japan needs to pay attention to the possibility of sticking the golden cross after the continuation trend.

[Analysis of Ethernet Currency Market] Yesterday, Ethernet also showed a continuous upward trend. While the corresponding price was completely stable at 1591, it also further went up to the vicinity of the key resistance position 1720 in the early stage for preliminary exploration. Moreover, the current operation trend of Ethernet is also completely above the MA100. Judging from the current operation trend, Ethernet still needs to pay attention to the suppression problem at the top. The suppression problem of Ethernet has shown a continuous multi-level mark, and retail investors who buy from spot at each level are very concentrated. Therefore, every impact break-through phenomenon will aggravate the bullish sentiment in the market. In the current hour, there has been a small-scale dead-end downward trend in MACD, but the corresponding price problem can no longer effectively break the Fibonacci 0.618, and a certain long bullish sentiment can be properly maintained. At present, the hourly KDJ still keeps the trend of “dead fork” continuing to diverge downward. The corresponding volume and energy problem is gradually biased towards the bearish atmosphere. At night, attention should be paid to the issue of the pullback kinetic energy. It is still possible to make up for the rise in the future. Just watch the rebound and break the position in the morning.

The investment relies not on luck, but on the accurate judgment of the market situation, calmly facing the ups and downs of the market, and the mood will not dance with winning or losing. The risk is not terrible, what is terrible is to let the risk out of control! Are you still worrying about the numerous stops? Are you still depressed about going in the opposite direction as soon as you do it? Or do you want to run away for a small profit? Please give professional people to do professional things. endless profit-stopping comes from cooperation!

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iodct
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Blockchain investment is the future, and I hope I can use my expertise and experience to help more blockchain investors.