March 21st Crypto Market Analysis

【Bullish/Bearish Watershed】
Strategy: ✅ shows weak performance, choose to observe ✅
【ETH & BTC】
Today I'll explain BTC's status with resonance charts from large and small cycles (ETH trend follows BTC)
1. Weekly chart shows obvious three-stage decline, KDJ low point has broken the threshold of 20, with fractal at the bottom, confirmed with high probability of reversal from the decline.
2. On daily and 12-hour levels, it's clearly still in an uptrend overall within the price channel,
coin price is oscillating near the trend line, 12-hour level has already begun probing the trend line.
3. Find entry points on 1-hour chart for trading, don't commit until confirmed. Requirement: wait for 1-hour closing price to break above MA55 before opening positions, stop loss can be placed at the bottom of the oscillation zone.
4. Don't rush on short trades, the uptrend on daily and 12-hour hasn't been broken yet. Requirement: select short trades only after solid bearish candles break down.
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All views are personal opinions only
Not investment advice DYOR
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