Yue Ying: 3.11 Bitcoin and Ethereum Market Analysis - Will Continuous Low-Range Fluctuations Be the Bottoming? Latest Recommendations Included

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin continues to close with a bullish candle, facing resistance at the upper band. During the day, it opened with narrow fluctuations, with Bollinger Bands slightly opening. The short-term moving averages are around the middle band. The MACD fast and slow lines are extending upward with increasing volume. The KDJ is turning upward, with three lines flattening. The VR indicator is consolidating near the 80 level. On the four-hour chart, after breaking above the upper band, the price retraced and fell below the 7-day moving average. The Bollinger Bands are opening, and the short-term moving averages are turning upward. The MACD lines crossed above zero but show no signs of continuation, with decreasing volume and the KDJ crossing downward. The VR indicator is consolidating near the 200 level. Overall, the market tested the upper boundary of the box again but did not break through, instead pulling back slightly. The CPI data released tonight is expected to impact the short-term market structure. Yue Ying believes that this box-range consolidation, which has lasted over a month, is nearing its end. For short-term trading, focus first on the resistance at 71,800, then around 74,000. Support levels are still around the 67,800 area mentioned above. Short-term recommendations.

Bitcoin Short-term Suggestion: Short at 71,200 (short at 73,200), Long at 68,300 (activate strategy if profitable)

Auntie Tech Analysis ————

The structure of Auntie remains unchanged. Technicals are linked to Bitcoin for reference. Overall, the structure remains stable, and there isn’t much to analyze for now. Let’s see if tonight’s news can break the current deadlock. Resistance above is still around 2200, support below around 1920. Short-term suggestions.

Auntie Short-term Suggestion: Short at 2155, Long at 1970 (activate strategy if profitable)

—— I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to discuss and learn with me! Let’s share insights and profit together! #BTC #ETH