Analyst Chen Shu: For Bitcoin and Ethereum, watch for a breakout of the 7.05 resistance level today, and also pay attention to any breakouts from the current trading range.

Analyst Chen Shu: For Bitcoin and Ethereum on March 11th, pay attention to the 7.05 resistance level and whether it breaks out of its current range. Looking at the daily chart for Bitcoin, yesterday's article suggested shorting at 7.1. After a rebound, the price retraced to around 6.9, resulting in a profit of nearly 2000 points. Yesterday's small positive candle followed the trend described in the article. The rebound touched the 4-hour MA256 before a slight retracement. In the short term, continue to focus on the resistance at 7.05. If it breaks and holds above this level, abandon the shorting strategy and switch to buying on dips. The support level to watch is 6.86. Looking at the daily chart for Ethereum, it is currently still trading above the MA30 at 1980. Watch whether the price can continue to stay above this level today. The resistance level to watch is the 4-hour MA256 at 2100. It is recommended to continue trading within the range. Midday Trading Strategy (Written at 13:20): BTC: Short at 7.1, add to short position on rebound to 7.2, target 6.9/6.85; Long at 6.75/6.65 for a 2000-point rebound. ETH: Short at 2100, add to short position on rebound to 2160, target 2030/1960; Long at 1960/1900 for a 100-point rebound. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you! Welcome to leave comments below for discussion; I will reply to each one.