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March 14 BTC/ETH Mike's Strategy (Price Points at End)
The live room signaled a strong bullish signal, and after task completion overlapping with weekend holidays, the bulls lacked motivation to extend upward. The night session underwent pullback consolidation, leaving a long upper wick on the chart, forming a double top pattern with the March 4 high. Therefore, the weekend may see continued back-and-forth battles between longs and shorts, with operations focused on wave trading.
BTC: Night session surge to 74400 box upper rail failed, followed by wide-range adjustment breaking below 71400, returning to the 69150-71400 consolidation box. The upper-middle position of this box is expected to show bull resistance, pay attention to signals around 70300. Bulls will still attempt toward 71400. If it can't break above 71400, then short again at this level. Both high shorts and low longs have opportunities, and the volatility space of this choppy market is not small. Don't over-speculate when trading here; just follow the price level chart to participate with confidence.
ETH: Night session completed the 2198 target. Looking back, 2197-2257 is a large resistance area. The technical form creates a major double needle signal with the March 4 wave, indicating caution. However, don't worry excessively; the technical pattern hasn't broken, it just doesn't look aesthetically perfect. The lower 2038-2075 base camp position will also see bull resistance. So the range shows support at 2038-2075 and resistance at 2100-2139. Temporarily look for high short and low long wave trading opportunities within these two ranges. (See chart for details)
Operation Suggestions:
BTC:
Long: Enter long at 69800-70300, stop loss at 69300
Short: Enter short at 71500-71800, stop loss at 72250
ETH:
Long: Enter long at 2050-2060, stop loss at 2038
Short: Enter short at 2130-2150, stop loss at 2170