Analysis of the latest Bitcoin market on Wednesday, 3.19

The BTC fell below 82000 last night, touching a low of 81100, and then began to stabilize and rise near 81100, returning above 82000 in comparison, and currently reaching the 82600 level. We also said in the early morning that as long as BTC does not break below 81000, the comparison will rebound, and the result is quite obvious, returning to near 82600. Fans who followed the operation woke up and gained 1500 points.

From the perspective of the hourly chart, the trend of the pie is narrowing with the Bollinger Bands opening up. After the price previously touched the lower band and rebounded, it shows that the lower band has support. If it can break through the middle band, the bullish momentum will be stronger. The KDJ indicator forms a golden cross in the oversold zone, indicating that the bullish strength is increasing and there is a demand for rebound. Although the MACD indicator is below the zero axis, the green momentum bar is shortening, weakening the bearish strength and accumulating bullish strength. If it crosses above the zero axis, the bullish trend will be more apparent. In conclusion, despite the current pressure on bitcoin prices, multiple technical indicators indicate that bullish strength is accumulating, and a short-term uptrend may be on the horizon.

The idea of the big pancake: long around 82000, target 84000
Etherium mindset: more around 1910, targeting 2000#美联储3月利率决议 #MUBARAK Launchpool 开启 #多种山寨币ETF申请中