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Yuying: March 11 Bitcoin Ethereum today's market analysis tests the upper boundary of the range again. Can the previous high blockade be broken through?

CN
财经达人周悦盈
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4 hours ago
AI summarizes in 5 seconds.

In a person's self-discipline lies infinite possibilities; the degree of your self-discipline determines the height of your life.

There are no shortcuts in life, but every step you take counts.

The more diligent and hardworking you are; the more disciplined you are, the more excellent you become. I am Zhou Yueying, focusing on the analysis of mainstream currencies' trends, providing insights based on my own technical analysis of the market.

Here at Yueying, the strategy has only precise points, with no ambiguous ranges or nearby estimates. Friends who like Yueying can click to follow. Let's see today's share!

Technical Analysis of Bitcoin————

The short-term strategy for Bitcoin given earlier at 70800 for shorts saw the market move about 1600 dollars. On the daily chart, the previous candle closed bullish, breaking through the middle band and the short-term moving average. On the opening of the day, it tested upwards but was blocked near the upper band; the Bollinger Bands are in a narrow flat state while the short-term moving averages are around the middle band. The MACD fast and slow lines extend upwards, with the volume bars increasing again, and the KDJ is showing signs of a downward crossover. The VR indicator is stabilizing around the 80 value. On the 4-hour chart, the market broke through upwards but was obstructed at the upper band and adjusted downwards. The Bollinger Bands are slightly opening; the short-term moving averages are turning upwards. The MACD fast and slow lines cross upwards, breaking above the zero axis, and the volume bars are decreasing. The KDJ is blocked around the 100 value, turning downwards, and the VR indicator is stabilizing around the 110 value. Overall, the market is testing the previous box's upper resistance again, with a high probability of breaking through, so short-term focus on entering near the previous high while paying attention to short-term support around 67800 below. If the downward retracement breaks effectively, you can enter long positions. Participate in the short-term according to the above thoughts and consider the short-term suggestions.

Short-term suggestion for Bitcoin: 73200 for shorts, 68300 for longs (activate the strategy and profit at your discretion)

Technical Analysis of Ethereum————

The daily and 4-hour technical indicators of Ethereum are coordinated with those of Bitcoin, showing consistent trends. It faced resistance at the upper edge of the box, undergoing an adjustment. The short-term strategy also aligns with Bitcoin; pay attention to resistance around the previous high of 2200 above, and support around 1920 below. As long as the retracement does not break through and stays above, you can enter. Consider the short-term suggestions.

Short-term suggestion for Ethereum: 2155 for shorts, 1970 for longs (activate the strategy and profit at your discretion)

—— I am Zhou Yueying, a teacher focused on technical analysis. Any friends who have questions about operations or trends can communicate and learn operations with me! Let’s share and profit together!

There may be delays in article publication reviews, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by you! The market changes every day; what I can do is to use my years of practical experience to provide some slight assistance, ensuring that your investment decisions and management are on the right course. Meeting is a kind of fate; I believe in fate, and if you have any doubts in the cryptocurrency space, you can follow Zhou Yueying; I believe it will be helpful to you.


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