March 9th Market Analysis from LBank Derivatives | by LBank Exchange | Mar, 2023

From the LBank blog.

The MACD still shows a decreasing trend, and the KDJ faces resistance as it moves upward. In the short term, the four-hour chart shows a continuous downward trend but still relies on the EMA moving average.

The MACD is showing a significant decrease, and the DIF and DEA are being restricted as they expand upward, while the KDJ is forming a golden cross.

Although the market is still in a sideways movement at this level, there is a possibility of further exploration of the downward trend.

Overall, the market seems to be indecisive and uncertain, with $BTC still seeking support in a narrow range, and $ETH showing some strength on the rebound.

However, the trend toward a further drop cannot be ruled out, and investors should exercise caution and closely monitor market developments before making any investment decisions.

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This article came directly from the LBank blog, found on——2

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