0313 afternoon update

BTC

The large pancake retraced to the lower edge of the converging triangle, while also being the horizontal support level around 695 from the hourly high-level consolidation, starting a weak consolidation rebound. Maintaining the consolidation within the triangle until after the U.S. stock market hours, a short-term upward breakout was initiated.

Since the choice is to break upwards, just follow the breakout and look upwards.

The intraday small level gives a retracement to around 70-705, not breaking down and stabilizing. A small position can be taken with a narrow stop loss to capture a bullish rebound. The target is the previous high.

The opportunity for a high short still needs to observe the price performance around 73-74 before trying with a small position.

Upper pressure: 72280/74050/75150

Support below: 70500/69500/68220

ETH

The consolidating ascending triangle has too high a low point. The bearish momentum is weakening, and the bullish side continues to increase gently.

While the space for bears is being squeezed, following the market to break out with increased volume.

Since it has already broken through the support and resistance around 2080, the upper 2150 is testing resistance. During the day, pull back and ambush around the support and resistance of 2080 with light positions to go long.

The thinking of high short positions around 2150 remains unchanged. Quick hands to take profit is enough.

Resistance above: 2150/2190/2257

Support below 2080/2040/1980

SOL

After breaking through 88 with increased volume, 91 is under pressure and is falling back. No chasing high suggestions. Observe the price performance around 88 during the day. After stabilizing in the pullback phase, look for a rebound continuation. During the day, hold the support around 86, treating it with a high position oscillation mindset.

Shorting against resistance requires quick hands to take profit.

Resistance above 90.5/94

Support below: 88.5/85.7/84