Yueying: Bitcoin and Ethereum Market Analysis (March 17th) - Has the Price Broke Through Previous Highs Again and Is a Reversal Imminent? Latest Trend Suggestions Included

The short position on Bitcoin, as mentioned above, saw a move of over $1000, while the second short position at 76000 saw a move of around $2000. Looking at the daily chart, the previous candlestick was a solid bullish candle. Intraday, the price opened higher, breaking through the upper Bollinger Band and the 60-day moving average before pulling back. The Bollinger Bands are widening, and short-term moving averages are turning upwards. The MACD fast and slow lines are extending upwards, but the volume bars are shrinking. The KDJ indicator is encountering resistance near 110 and turning downwards. The VR indicator is consolidating around 130. On the four-hour chart, the price rose consecutively, breaking through the upper Bollinger Band before encountering resistance and pulling back. The Bollinger Bands are slightly widening, and short-term moving averages are flattening. The MACD fast and slow lines are turning downwards, and the volume bars are continuing to shrink. The KDJ indicator has crossed downwards after turning, and the VR indicator is consolidating around 110. Overall, Bitcoin broke through the previous high without continuing the upward trend and then pulled back, indicating a continued bullish bias. However, caution is advised with each upward move; blindly chasing the price is not recommended. In the short term, continue to monitor the breakout of highs. Watch the 76000 level above and the 73000 level below for short-term support. See short-term suggestions below. Bitcoin short-term suggestions: Buy at 73300, Sell at 75500 (Sell at 77600) (Take profits as needed). Ethereum's current short position, as mentioned above, has seen limited pullback. The second entry point saw a move of about 80 dollars. The four-hour chart shows a pullback after the initial surge, indicating a need for adjustment. Intraday price action is correlated with Bitcoin's, so the strategy is synchronized. Continue to watch the 2400 level for resistance; if it breaks, watch the 2500 level below. Support is around 2200. See short-term suggestions below. Ethereum short-term suggestions: Buy at 2260, Sell at 2380 (Sell at 2470) (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 or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!