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3.13 Thursday Morning Market Analysis
Last night, after the US stock market opened, the market strengthened and reached a high of around 71300. Currently, it has pulled back to fluctuate around 70200. Our two positions from yesterday have all taken profits, totaling a gain of 🫓3000 points.
From the 1-hour chart, the candlesticks show two consecutive bearish days, falling to the middle band of the Bollinger Bands, which are narrowing. The MA5 and MA10 moving averages have shifted from a golden cross to a death cross.
From the 4-hour chart, the candlesticks show double pin tops, with Bollinger Bands narrowing. The MA moving averages are gradually converging. The Dodo momentum bars are decreasing in volume.
Bitcoin: Range around 70400-70900, looking towards 69400-68300
Ethereum: Range around 2070-2090, looking towards 2020-1980