#BTC 3.30 Monday Afternoon Bitcoin and Ethereum Latest Ideas and Analysis

You don't need to be very skilled to start, but you need to start to become skilled. Looking back this morning, after Bitcoin hit the bottom at 65,000, it immediately rebounded to 67,800. Ethereum followed Bitcoin's move, dropping to 1,937 and then rebounding to a high of 2,058. The short position idea given early this morning was successfully executed. Later, I chose not to chase the rebound, as the rebound strength was not very strong. Unexpectedly, there was a surprise, but that's okay. The second short entry was also smoothly executed.

Based on the current market, on the four-hour chart, the long lower shadow broke below the lower support line briefly but quickly recovered. The closing of this candle with a large bullish body immediately pushed the price higher. Looking at the indicators, both KDJ and RSI are turning upward, and MACD shows increasing bullish momentum. On the hourly chart, the price is currently testing the upper band resistance, with KDJ and RSI turning upward, and MACD showing increasing bullish momentum. This morning's rapid rally was influenced by the "yellow hair" (a slang term for a certain trader or market influence), which caused the indicators to show a strong rebound demand. However, the overall trend remains bearish, and the price has not shown a clear upward movement. In terms of trading strategy, chasing the rally is not advisable. The sudden price surge causes indicators to lag behind, making it easy to buy at the top. The intraday outlook remains primarily bearish.

3.30 Monday Afternoon
BTC: Short around 68,000, target 65,500
ETH: Short around 2,080, target 1,950