Interpretation of cryptocurrency market on March 20th, 2023
The market continued to rise over the weekend. The rally took a month to complete at the beginning of the year. The current round took only eight days, in line with the characteristics of the third sub-wave. When the price reached 28,600, the minimum requirements were completed. It also announces that BTC is entering the second half of the operation of the bullish wave. There is still room above, but only consider reducing your positions. No more consider buying. [Image]
However, ETH and several leading tokens that were hot at the beginning of the year need to catch up or refresh new highs this year. ETH will likely lead to another cottage market. If that happens, all the layouts from last year's bear market will be cashing in profits.
This year's market's positioning and operation plan has always been to do the bull market in the first wave. Investors who want to hold bear chips directly until the end of next year can ignore the process of reducing their positions on BTC and ETH.
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