On the daily chart, Bitcoin closed with two consecutive bullish candles near 70,000. After dipping to around 66,000, it rebounded and is currently facing resistance again at the top of its trading range around 71,500, pulling back. Current resistance levels are 70,800-71,500, and support levels are 68,500-65,500. Ethereum also closed with two consecutive bullish candles near 2030 on the daily chart. After dipping to around 1920, it rebounded and tested the 2080 resistance level before pulling back. Overall, it remains within its trading range of 1800-2150. Current resistance levels are 2080-2150, and support levels are 1980-1920-1850. On the 4-hour chart, both Bitcoin and Ethereum are testing intermediate resistance levels before pulling back. Considering tonight's CPI data release, shorting near resistance levels is recommended. Trading Strategy: Short Bitcoin at 70300-70800, target 69000-68000, stop loss above 71500; Short Ethereum at 2040-2060, target 1980-1920, stop loss above 2100. These strategies are time-sensitive; please refer to the homepage for details and receive private real-time guidance.
3.11 Bitcoin and Ethereum CPI Data: Market Trend Analysis and Trading Strategy!
2026-03-11 11:26:52
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