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March 12 BTC/ETH Market Strategy
Last night's CPI data gave the market some momentum, but unfortunately it still couldn't break above the key level. The upcoming resistance zone is clear, and the support platform below is also well-defined. The strategy remains unchanged; there are opportunities to go long at lows and short at highs. The key is that a breakout in the direction will take some time.
BTC: 71400 is a clear upper boundary resistance. The range here is quite obvious. The point map from #Gate蓝龙虾重磅上线 is very precise. The upper zone is 71400-74400, and below are three support levels at 67150-68300-69000. A small double top formed at 71400, so the focus today might be on 683-690. Buying on dips here is also considered.
ETH: The night session didn't break through 2075-2100. I've been emphasizing this resistance level. Don't always stick to one side in speculation; remember, on this battlefield, you have no teammates—only yourself. Currently, ETH is forming a small double top at 2075, with support still at 2000-2015. The previously set buy zone at 1965-1989 hasn't triggered yet; let's see if there's a chance to enter today. The double top pattern isn't complete yet, which doesn't mean a trend has formed, so there's no need to worry too much.
Trading Suggestions:
BTC: Short-term, consider shorting near 70500 with a stop at 71000. Add on dips at 68300, with a stop at 67666.
ETH: Short-term, consider shorting near 2060 with a stop at 2085. Add on dips at 1965-1989, with a stop at 1950.