Analyst Chen Shu: 3.17 Bitcoin and Ethereum market strategy report at noon, under pressure to fall and pay attention to the breakthrough of the 8.53 pressure level

Market Analysis:

Bitcoin from the daily chart, yesterday the daily line charged a small black line price around the daily MA5/10 daily moving average shock adjustment, short-term price in the short term in the 8.5 line to form a significant short-term pressure, the daily line to pay attention to whether the price will stand above 8.53, 4 hours to see the price suppressed at the MA60 daily moving average, that is, 8.53 line, the 1-hour level is suppressed The MA256 daily moving average is the 8.38 line, 8.38 is also the weekly MA30 daily moving average, and the support level refers to the 4-hour shock low of 8.25.

Ethereum from the daily chart, the price has not been able to break through the daily MA10 daily moving average, that is, 1940, with the MA10 daily moving average continues to revise downward, the price will eventually compete on this line, 4 hours to see the short-term amplitude is small, the price is expected to continue to fluctuate around the 1950-1850 range adjustment.

Lunch operation ideas (writing time: 14:30):

BTC: 8.53 short, stop loss 600 points, target 8.35/8.25, below 8.15/80,000 range depending on the situation

ETH: Short at 1920, stop loss 35 points, target 1860/1850 line

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