Yueyue Sheng: March 23 Bitcoin Ethereum Today's Market Analysis Support Continues to Drop Can We Still Go Long? Latest Trend Suggestions Attached

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Big Coin Technical Analysis————

The big coin market gave out approximately 1300 points of space from the 67500 level mentioned previously. Looking at the daily chart, the previous two consecutive bearish K lines did not continue to decline at today's opening, but instead rebounded after finding support at the lower band and is currently testing the moving average. The Bollinger Bands are flattening with signs of narrowing; short-term moving averages are running downward; MACD fast and slow lines are crossing downward; volume columns continue expanding; KDJ is turning upward, pay attention to resistance near the 0 value; VR indicator is consolidating near 110. On the 4-hour chart, the market found support at the lower band and rebounded off the pin, facing pressure at the 7 MA and closing with a pin; Bollinger Bands are running downward in a widening pattern; short-term moving averages are heading down; MACD fast and slow lines are slightly turning upward; volume is switching between expansion and contraction; KDJ three lines crossing upward, note support near the 0 value; VR indicator consolidating near 50. Overall, after the weekend market decline and new lows, Monday's opening did not continue the decline but instead moved into volatile consolidation. Yueyue Sheng believes that although the current market is dominated by bears, we cannot blindly chase shorts without breaking key support. Short-term can reference the previous lows. Attention to 70500 level resistance above, and 67000 level support below, followed by 65500 level. See short-term suggestions.

Big Coin Short-term Suggestions: Short at 70300, Long at 67300 (Long at 65800) (Activate strategy and take profits accordingly)

Ethereum Technical Analysis——

Ethereum's trend is slightly weaker than Bitcoin. Daily and 4-hour K lines have been hovering around the lower band, facing resistance at the 7 MA and declining. The overall trend moves with Bitcoin, reference accordingly. Attention to 2150 level resistance above, attention to 2000 integer level support below, if it breaks, continue watching 1930 level. See short-term suggestions.

Ethereum Short-term Suggestions: Short at 2120, Long at 2015 (Long at 1940) (Activate strategy and take profits accordingly)

——I'm Zhou Yueyue Sheng, a teacher focused on technical analysis. Any friends with questions about operations or trends can communicate and learn with me together! Exchange together, profit together! #BTC #ETH