Yueying: Bitcoin and Ethereum Market Analysis (March 11th): Is the Continued Low-Level Fluctuation a Bottoming Pattern? Latest Recommendations Included

On the daily chart, Bitcoin's previous candlestick closed positive but encountered resistance at the upper Bollinger Band. Intraday trading opened with narrow-range fluctuations. The Bollinger Bands are slightly widening, with short-term moving averages hovering around the middle band. The MACD fast and slow lines are extending upwards with increasing volume. The KDJ indicator is turning upwards and its three lines are flattening. The VR indicator is consolidating around 80. On the 4-hour chart, after breaking through the upper Bollinger Band, the price retraced and broke below the 7-day moving average. The Bollinger Bands are widening, and short-term moving averages are turning upwards. The MACD fast and slow lines broke through the zero line but showed no signs of continuing to turn downwards. The volume bars are continuously decreasing, the KDJ is crossing downwards, and the VR indicator is consolidating around 200. Overall, the market tested the upper edge of the trading range again but failed to continue, instead experiencing a slight pullback and adjustment. The CPI data released tonight is expected to impact the short-term market structure. Yueying believes this period of range-bound trading, which has lasted for over a month, is currently nearing its end. For short-term trading, the first resistance level to watch is 71800, followed by the 74000 area. The support level to watch is still the 67800 area mentioned above. See short-term suggestions below. Bitcoin short-term suggestions: Short at 71200 (short at 73200), long at 68300 (take profits as needed after strategy activation). Ethereum's structure remains unchanged. Technical analysis is linked to Bitcoin. The overall structure remains unchanged, so there isn't much analysis available yet. Let's see if tonight's news can break the current stalemate. The resistance level to watch is still around 2200, and the support level is around 1920. See short-term suggestions below. Ethereum short-term suggestions: Short at 2155, long at 1970 (Click the image to see the homepage introduction for more coin analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading strategies or market trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!