Crypto Waves: 3.11 Bitcoin (BTC) Market Analysis Reference:

Bitcoin faced downward pressure last night, showing a correction action. Throughout the day, the market fluctuated around the 70000 line. From the daily chart, Bitcoin is still in a phase of range-bound consolidation, with prices running between the middle and upper bands of the Bollinger Bands, which are narrowing in volatility. The KDJ indicator’s three lines are flattening near 50, and the tug-of-war between bulls and bears continues; the MACD indicator shows the DIF line is running above the DEA line, green bars are continuously shortening, bearish momentum is gradually diminishing, and bullish strength is accumulating; the RSI indicator is hovering in the 50-60 range, with market sentiment leaning towards neutral. Overall, the daily level is in a state of consolidation, likely maintaining range-bound correction in the short term, while the medium term needs to focus on whether it can effectively break through the resistance of the upper Bollinger Band; if it breaks through, it may open up upward space.

From the short-term hourly chart observation; on the 4-hour chart, the price is running above the middle band of the Bollinger Bands, but the KDJ indicator shows the K line is below the D line and the J line is turning downward, indicating a decrease in bullish momentum; the MACD indicator’s DIF line is slightly turning near the DEA line and the green bars are shortening, the upward momentum is weakening, and there is obvious high-pressure; on the 1-hour chart, the price has dropped below the middle band of the Bollinger Bands, KDJ’s three lines are diverging below 50, while in the MACD indicator, the fast and slow lines form a death cross approaching the zero axis, and the volume bars are turning negative, RSI has fallen below 50, with short-term bears in control. In summary, the short-term is in a phase of high-level corrective consolidation, likely continuing range fluctuations; if it breaks below the middle band of the Bollinger Bands, it may further test the lower band support; if it can stabilize above the middle band and launch an upward attack, it is expected to test previous high-pressure points again; close attention should be paid to the volume conditions to confirm directional breakout.

Crypto Waves: 3.11 Bitcoin Short-term Reference:

Short position: Sell in the 71500-72500 range, stop loss 500 points, target below 71000,

Long position: Buy in the 67500-68500 range, stop loss 500 points, target above 69000,

Crypto Waves: 3.11 Ethereum Short-term Reference:

Short position: Sell in the 2100-2130 range, stop loss 30 points, target 2070-2000,

Long position: Buy in the 1930-1960 range, stop loss 30 points, target 2000-2050,

[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and release may have delays and the strategy may not be timely, do not operate blindly]

The content of this article is originally shared by [Crypto Waves] and only represents personal views. The article may have delays in dissemination and is for reference only; do not operate blindly! Want to get more daily real-time signals? Then follow my public account! Here, you can engage in online technical learning and understand knowledge related to exiting positions and recovery. I have years of research experience in the market and focus on the major trends in the crypto world. Mainly responsible for analyzing and guiding investment operations for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. Welcome to study and research together.

I hope everyone, on their investment journey, regardless of how the market changes, can adhere to their principles, maintain rationality and calmness. Deeply understand the characteristics, risks, and profit mechanisms of investment products, and do not let short-term market fluctuations affect emotions. Be patient, avoid excessive greed and fear, and understand that wealth accumulation is a gradual process. Finally, I wish all fans in their investment journeys to have keen insight, seize opportunities, and make every decision timely, navigating the waves of investment to reap wealth and growth!!!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。