Looking at the daily chart for Bitcoin, the previous candlestick closed bullish, and the intraday opening price extended upwards to test the 60-day moving average area. The Bollinger Bands are widening, short-term moving averages are turning upwards, the MACD fast and slow lines are extending upwards with increasing volume, the KDJ is moving upwards, and attention should be paid to the resistance around the 100 level. The VR indicator is consolidating around the 130 level. On the 4-hour chart, the price has broken through the upper Bollinger Band with consecutive bullish candles and is trading above it. The Bollinger Bands are widening, short-term moving averages are moving upwards, the MACD fast and slow lines are turning upwards again with increasing volume, the KDJ has turned upwards again, and attention should be paid to the resistance around the 100 level. The VR indicator is consolidating around the 120 level. Overall, the price has broken through the previous high, and the technical outlook is bullish, but it has not yet tested and stabilized. Short-term traders can try shorting at the current resistance level again. If a decisive breakout occurs, watch for resistance around 76000. This is a short-term trading suggestion. Bitcoin Short-Term Recommendation: Short at current price 74000 (Short at 76000) (Take profits as needed after strategy activation). Ethereum's current trend is also following Bitcoin's, breaking through the previous high resistance. On the daily chart, it's testing the resistance around the 60-day moving average. Overall, the technical aspects are linked to Bitcoin, and the short-term strategy is synchronized. If it breaks through, pay attention to the resistance around 2400. See short-term recommendation. Ethereum Short-Term Recommendation: Short at current price 2265 (Short at 2388) (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
Yueying: Bitcoin and Ethereum Market Analysis (March 16th) - Breakout from Trading Range, Bullish Rebound? (Current Price Included)
2026-03-16 05:15:32
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