With the arrival of the weekend, BTC's market experienced a trend of oscillation. Last night, the BTC price probed down to the 78200 support level and then started to Rebound. The price surged to near the 85000 level and then continued to oscillate. At noon today, the price made another strong push, reaching a high of 86516 and facing resistance. On the ETH side, after pulling back to the 2070 support level yesterday afternoon, it started to Rebound. At noon today, the ETH price reached a high of around 2279. Our bullish strategy provided last night included a long position at the current price of 83500, as well as emphasized during the live broadcast that the weekend market will remain in a range-bound trend. The long position at 83500 given during the live broadcast has been profitable so far. A small make a strong push is seen in the intraday price movement again.

In the four-hour chart, short-term moving averages such as MA5, MA10, etc., are intertwined and entangled with each other, indicating a lack of clear direction. This suggests that the short-term market is relatively balanced between bulls and bears, with intense competition between the two sides. The price frequently shuttles near the moving averages, lacking clear trend guidance. Although medium-term moving averages such as MA30 have a certain support or suppression effect, their effectiveness is weakened under the large price fluctuations. In the future, we can maintain a cautious long position.

BTC mindset, go long near 84000, target 88000
Long ETH around 2220, target 2300
#BTC #ETH #市场触底了吗？ #美联储3月议息