Yueying: Bitcoin and Ethereum Market Analysis for March 12th - Continue to follow the trading range and patiently await a breakout.

The short-term strategy given above for Bitcoin was to short at 71200. The price encountered resistance around 71280 and retraced, resulting in a pullback of approximately 2000 dollars. Looking at the daily chart, the previous candlestick was a doji, and the price opened lower today, testing the downside. The Bollinger Bands are slightly widening, and short-term moving averages continue to trade around the middle band. The MACD fast and slow lines continue to extend upwards, with the volume bars fluctuating between increasing and decreasing. The KDJ indicator has turned downwards again, and the VR indicator is consolidating around 85. On the 4-hour chart, the price is oscillating between the middle and upper Bollinger Bands, currently finding support around the 60-day moving average. The Bollinger Bands are showing signs of narrowing, and short-term moving averages are flattening. The MACD fast and slow lines have crossed downwards, with the volume bars turning green and showing slight increasing volume. The KDJ indicator is trending downwards, and the VR indicator is consolidating around 250. Overall, last night's data met expectations, and the market didn't fluctuate much. The overall structure remains unchanged, so the short-term strategy remains the same: continue to observe the trading range and follow the market structure, patiently waiting for a new structure to emerge. Continue to watch the resistance around 71800; if it breaks, watch the previous high. The current short-term support is around 69000, with a more conservative approach considering entry points around 66800. Bitcoin short-term: Short at 71000 (short at 73200). Ethereum's long position at 67600 was again blocked around 2080. The overall technical structure remains the same, and the strategy is similar to Bitcoin's. The short-term trading strategy follows the same approach, with slight adjustments to the entry points. Continue to watch the previous high for resistance, and the support around 1930. In a range-bound market, patience and timely profit-taking are crucial. Furthermore, the longer the range-bound period, the stronger the risk management should be, anticipating potential market reversals. Short-term trading strategy: Short at 2130, Long at 1970 (Click the image to see the homepage introduction for more currency analysis) — I am Zhou Yueying.