【3月24】Bitcoin/Ethereum Real-time Market Analysis Strategy

Brothers, Bitcoin is just hovering around 70500, neither up nor down, it's frustrating to watch. Just got rescued by the bottom-fishing army from 67300, surged up here in one breath, and directly hit the key resistance level. Now both bulls and bears are fighting, whoever wins will tell by this wave.

Daily Chart:
Bears haven't completely given up. MACD death cross is still there, but the green bar is almost gone, indicating bears are losing momentum. RSI is quietly warming up, this is a good signal. 68000 is still the lifeline support, and 71000-72500 above is the welded resistance wall. If 71000 holds steady, it counts as a real rebound; if it doesn't hold, it's all fake.

4-hour Chart:
This rebound is really fierce, surged up directly from 67300 bottom, MACD golden cross with red bar volume, bulls momentum is crazy strong. But note this, KDJ is about to smash into overbought zone, don't chase too hard, be careful of whale-induced longs cutting retail traders. Now it depends on 71000, if it holds steady it's going straight to 72000 or even higher, if it doesn't hold then it's half dead.

1-hour Chart:
Main thing is patience testing. Bull momentum is a bit tired, but the good thing is volume is still there — volume when rebounding, shrinking when pullback, overall bulls still have advantage. Now just waiting for a breakout signal, don't rush to bottom-fish, this kind of wave coming from bottom rebound is very easy to be a long-squeeze trap.

3.24 Bitcoin Operation Strategy:
1、Short 71500-70700, stop loss 72500, target 69700-69100
2、Long 68100-68700, stop loss 67100, target 69400-70200

3.24 Ethereum Operation Strategy:
1、Short 2165-2135, stop loss 2205, target 2085-2045
2、Long 2035-2065, stop loss 2005, target 2105-2135
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