Market Analysis: BTC Trend Analysis & Trading Reco

2024.3.20 #BTC Market Analysis

Chart Analysis (H1 Chart)

1) Trend, downward trend.

2) The H4 bullish OB has been tested here. Pay attention to whether it can break through 65750. The breakthrough is the structural destruction of H1 and refuses to continue to fall.

The key point is that once there is a breakthrough, step back to buy and first look at the H4 bearish OB test.

Here is another key point, rejection here, that is, the range of 62-69, which needs to be tempered for a while, but if the breakthrough is stable, then the next round of gains will begin.

Trading recommendations:

1) The 5W9-6W3 positions that have been mentioned have been reached, it depends on yourself. 5W3 can also be hung.

2) Wait for the breakout of 65750 before buying after structural damage, which should take place after Mr. Bao’s speech in the early morning.

PS: This article is only my personal opinion and is not intended as investment advice. Please be responsible for your profits and losses. The community morning report is updated twice a day and contains market analysis of multiple trading pairs such as 3624945506#ETH#SOL. Welcome to join the community to read.

热点：BTC TREND