3.6 Friday Afternoon Market Analysis


The box range continues to oscillate, with the hourly chart consolidating along the lower Bollinger Band. This morning's movement was mainly to repair the trend, with limited volatility.
ETH has been trading within a narrow range over the past hour, approximately $2078-$2093, with very small fluctuations. The Bollinger Bands are narrowing, and the moving averages are converging, indicating a balance between bulls and bears. The MACD is near the zero line, with weak momentum. Support is at $2050. The core strategy remains unchanged: a rebound from high levels is a good opportunity to short, focusing on the support and resistance at the upper and lower boundaries of the box, and trading in the trend.
BTC Trading Suggestions: Short at 71,500-72,000, stop loss at 72,500, take profit at 70,400-68,500
ETH Trading Suggestions: Short at 2,090-2,120, stop loss at 2,150, take profit at 2,040-1,960
There will be major non-farm payroll data released tonight, so adjustments will be made based on the situation. Be cautious to avoid risks!
ETH-2.37%
BTC-2.55%
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