【March 28】 Bitcoin / Altcoin Market Analysis and Strategy
Bitcoin's daily chart shows continuous downward pressure, with prices being firmly suppressed by moving averages. The MACD is showing increasing bearish momentum, and the RSI has already entered the oversold zone. What does this mean? It indicates that the bears are aggressively selling, and the bulls are struggling to keep up.
On the 4-hour chart, although the RSI is oversold and the MACD histogram is shrinking, a bullish divergence is beginning to form, suggesting that the downward momentum is weakening and a short-term rebound may be coming. But note the wording—this is a short-term rebound, not a reversal.
The 1-hour chart already shows signs of stabilization, with the KDJ forming a golden cross at low levels and the MACD turning upward, indicating that a short-term rebound window has indeed opened.
Bitcoin March 28 Trading Strategy:
1. Short at 67,500-67,100, stop-loss above 68,600, target 65,700-65,100, and if it breaks further down, watch for around 63,000.
2. Long at 65,100-65,800, leaving room to add near 63,000, with a stop-loss of 800 points, targeting 67,100-67,800.
Ethereum March 28 Trading Strategy:
1. Short at 2,025-2,005, stop-loss above 2,065, target 1,925-1,905, and if it breaks further down, watch for around 1,852.
2. Long at 1,905-1,925, leaving room to add near 1,855, with a stop-loss of 30 points, targeting 1,995-2,025.