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Analyst Chen Shu: On March 11, focus on the breakthrough of the 7.05 resistance level for Bitcoin and Ethereum during the day, and pay attention to the breakthrough situation of the range.

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分析师陈树
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3 hours ago
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Analyst Chen Shu: On 3.11, focus on the breakthrough of the 7.05 resistance level for Bitcoin and Ethereum, and pay attention to the breakout situation of this range.

From the daily chart, Bitcoin was recommended for a short position at 7.1 yesterday. After entering on the rebound, it briefly pulled back to around 6.9, with the short position gaining nearly 2000 points. The small bullish line yesterday's trend was basically as described in the article. The rebound touched the 4-hour MA256 daily moving average before showing a slight pullback. In the short term, still focus on this line or the resistance at 7.05. If it breaks and holds above this line, shift from the short position to a long position on the pullback, with the support level at 6.86.

From the daily chart of Ethereum, it is currently still operating above the MA30 daily moving average of 1980. Focus on whether the price can continue to stay above this line during the day. The pressure level to watch is the 4-hour MA256 daily moving average at 2100. It is recommended to treat it as a range in operations.

Afternoon operation thoughts (writing time: 13:20):

BTC: Short at 7.1, add to the short at 7.2 on the rebound, target 6.9/6.85; Long at 6.75/6.65 to look for a 2000-point rebound.

ETH: Short at 2100, add to the short at 2160 on the rebound, target 2030/1960; Long at 1960/1900 to look for a 100-point rebound.

Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone will click for a free follow, bookmark, like, and comment. Thank you all, and feel free to leave a message for discussion below, I will reply to each one.

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Selected Articles by 分析师陈树

1 day ago
Analyst Chen Shu: On March 10, Bitcoin and Ethereum rebounded upward, pay attention to the 4-hour MA256 daily average line pressure level of 7.1.
2 days ago
Analyst Chen Shu: 3.9 Bitcoin Ethereum weekly looks bearish, continue to short on the rebound.
4 days ago
Analyst Chen Shu: Bitcoin and Ethereum short positions made significant profits yesterday, focus on the support and loss at 6.75 over the weekend.
View More

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