3.29 Sunday Afternoon Market Analysis


The weekend market has been relatively slow. Due to last week's sharp decline, the short-term correction is underway. Currently, Bitcoin's price is above the middle band on the hourly chart, with the upper band below, indicating a slightly strong oscillation pattern.
After falling from the high of 67,284, it dipped to a low of 66,233. Following a complete correction, a rebound began. The rebound height was close to the previous high, indicating a secondary attempt at testing resistance levels. Trading high at the trend's upper side with good stop-loss placement to attempt intraday short-term trades. The macro news remains bearish, and further adjustments will be made after Monday's data release.
BTC Trading Suggestions: Short around 67,000, stop-loss at 67,500, take profit at 66,000-65,500.
ETH Trading Suggestions: Short around 2,020, stop-loss at 2,040, take profit at 1,990-1,960.
Mid- to Long-term Long Position Suggestions: Buy around 65,000 for BTC, stop-loss at 60,000, take profit at 70,000-75,000. For ETH: When BTC dips to around 65,000, add ETH positions with a stop-loss at 1,750 and take profit at 2,100-2,300.
BTC2,11%
ETH3,05%
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