Yue Ying: 3.11 Bitcoin and Ethereum Market Analysis Today - Testing the Upper Boundary of the Range Again, Can It Break Through the Previous High Barrier?

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Bitcoin Technical Analysis ————

The short-term strategy of shorting at 70800 mentioned earlier has led to a move of about 1600 dollars. On the daily chart, the previous candle closed bullish, breaking through the midline and short-term moving averages. The market opened higher and tested the upper band but faced resistance. The Bollinger Bands are narrowing and flattening, with short-term moving averages around the midline. The MACD's fast and slow lines are trending upward, with increasing volume bars. The KDJ is crossing downward with signs of a reversal. The VR indicator is consolidating near the 80 level.

On the 4-hour chart, the market made a series of bullish candles, breaking above the upper band but facing resistance and pulling back for adjustment. The Bollinger Bands are slightly opening, with short-term moving averages turning upward. The MACD's fast and slow lines crossed upward, breaking above the zero line, with decreasing volume bars. The KDJ is near 100, facing resistance and turning downward. The VR indicator is consolidating near 110.

Overall, the market is testing the previous range's upper boundary again, with a higher probability of breaking through. Therefore, in the short term, focus on the previous high area for entry. Support below is around 67800; if the pullback does not break this level, consider going long. Follow the above strategy for short-term participation.

For short-term trading, consider shorting at 73200 and going long at 68300 (activate the strategy if profitable).

Yitai Technical Analysis ————

Yitai's daily and 4-hour technical indicators are aligned with Bitcoin's reference, showing similar trends. After facing resistance at the upper boundary of the range, it pulled back for adjustment. The short-term approach is also consistent with Bitcoin: watch for resistance around 2200 and support around 1920. As long as the pullback does not break below 1920, consider entering positions above that level.

Short-term trading suggestions.

Yitai Short-term Strategy: Short at 2155, long at 1970 (activate the strategy if profitable).

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