March 12th, Bitcoin and Altcoin Silk Road



From the current market situation, Bitcoin has repeatedly attempted to break above 71,000 but has failed each time, indicating strong selling pressure above that level. The price may need to pull back further before attempting to break through again. Additionally, the EMA monthly line has crossed below the weekly line, showing weakness.

Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin can move south around 70,000-71,000, with targets at 68,000-67,000.

Next, let's look at Altcoin, which is also experiencing strong selling pressure around 2080. Technical indicators show MACD forming a death cross, and the red histogram continues to expand. Today, the overall strategy should remain cautious.

Personal suggestion, for reference only (strictly set stop-loss)
Altcoin can move south around 2050-2080, with targets at 2000-1950.
$BTC $ETH
ETH1.34%
BTC0.16%
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