BTC market analysis

1. Weekly Trend Analysis

1. In the context of the moving averages, after last week's surge and retreat, this week shows the BBI dead cross MA30 trend. Therefore, there is a possibility of a definitive decline in the entire March market. If the daily line trends again, the cycle will resonate and also lead to a trending decline.

2. Within the Boll trend, as the daily line collapsed, it led to the price of the coin dropping to the lower Boll band of the weekly line. Therefore, there exists the possibility of a cyclical trend arriving ahead of time. We need to observe whether this week can continue with consecutive bearish candles. If formed, the downtrend of the weekly line will be upon us.

3. In the trend of quantity and energy, VR in March, we boil down to the movement of changing hands 3, work, then after this action is completed, it is distributed or tempted, but this week the change of hands is not completed, then the market will fall with the trend; In the trend of OBV, it has begun to reach a new low, but it has not deviated, and the moving average of OBV has not turned downward, so the general trend here has not yet been formed, but the real collapse is coming if it is even yin;

4. In the potential market, the RSI and MH currently show some resonance moving downwards. If there are consecutive bearish candles, the resonance will be fully formed. However, the CCI indicates that it currently needs to test towards the zero axis, so the probability of a decline is greater.

5. In a balanced market at a glance, it first tells us that the weekly market over the past two weeks is not likely to crash directly. If we want to look at the trend, we need a series of consecutive bearish weeks on the weekly chart, so that the end cloud may turn into a bearish cloud. At the same time, the coin price will hit the cloud according to the arrival of time nodes; therefore, we need to patiently observe the weekly chart over these two weeks.

In summary: Currently, the weekly market is at a critical point of oscillation range and trend decline. If we look at the weekly trend downward, then three consecutive bearish candles are needed to lay the groundwork. Therefore, the major trend requires time to observe and should not be overly bearish.

2. The moment of testing the trend on the daily chart has arrived.

1. In the trend of the moving average, we need to know that the bottom triangle of the month has completely broken yesterday, so the downward momentum has not really been released: coupled with the fact that after more than a month of consolidation, the MA120 starting to press down from a flat position also indicates that the downward trend has just begun; the pattern from February 24 to now is a continuation pattern.

2. According to the Boll trend, if today closes as a bearish candle, it will form two consecutive bearish candles. If there is another bearish candle tomorrow, it will completely open the Boll, and a downward trend on the daily chart will be imminent. Therefore, the current price may be the high point.

3. According to the judgment of quantity and energy, it can be considered that VR needs to be completely cathartic after getting out of the tempting market last week, and it must take advantage of the trend before seeing signs of stopping the decline; At the same time, the new low moving average of OBV again continued to press down, and the market that fell definitively was also given last week, so even yin is a high probability event;

4. In the trend of potential energy, RSI and MF have already resonated downwards, just one wave away from a three consecutive bearish candle action. If it forms tomorrow, it will enter a bearish arrangement, and a real crash will be imminent; the CCL market remains below the zero axis, telling us that the bear market has always existed.

5. In the currently balanced market, with the arrival of the decline, the lagging indicator has reached the target and has touched the lowest price. At the same time, the end cloud has gradually formed a downward channel. Therefore, now is the time to maintain this trend and completely break through with consecutive bearish candles.

In summary: Regarding the daily market, we need to determine the feasibility of a downtrend. We also need to wait for another bearish candle and adhere to the five principles of a downtrend before we can consider adding to our positions again.