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Yueying: Bitcoin and Ethereum Market Analysis (March 20th): The market has returned to a range-bound trading pattern, unlikely to break out, with short-term trading suggestions.

2026-03-20 14:04:58
Shareshare
Bitcoin's daily chart shows another bearish candlestick, briefly breaking below the middle Bollinger Band before recovering. Intraday opening saw support around the middle Bollinger Band. The Bollinger Bands are trending upwards with decreasing volume, and short-term moving averages are showing signs of turning. The MACD fast and slow lines have flattened after breaking above the zero line, with decreasing volume. The KDJ is crossing upwards; watch for support near the zero line. The VR indicator is consolidating around 120. On the 4-hour chart, the price found support near the lower Bollinger Band, rebounded, broke through the 7-period moving average, but then encountered resistance and retraced, with the previous candlestick closing as a wick. Currently, it's testing the 7-period moving average support. The Bollinger Bands are trending downwards with widening lines, and short-term moving averages are turning downwards. The MACD fast and slow lines are trending downwards but flattening, with decreasing volume. The KDJ is extending upwards; watch for resistance near the 100 line. The VR indicator is consolidating around 50. Overall, although this week's market saw a breakout, it didn't continue and instead returned to the previous trading range. Currently, it's facing resistance around the upper edge. In the short term, Yueying believes that if the 72000 level cannot be broken and stabilized, the market will continue to fluctuate downwards. Even if it breaks through, the bulls shouldn't be too optimistic. The key resistance is around 73000; the success of a breakout here will determine how far the subsequent rebound can go. In the short term, pay attention to the resistance at 72 and 73. Short-term support is around 69000, followed by the trading range's central point around 66. Today is Friday, and there will be no update over the weekend, so refer to the above resistance and support levels for short-term trading suggestions. Bitcoin short-term suggestions: Short at 71300 (Short at 72800), Long at 69300 (Long at 66800). Ethereum's daily and four-hour technical charts are similar to Bitcoin's, and are linked to Bitcoin's. Watch the 2200 level above, followed by 2300. Support is around 2050, followed by the area above 1930. See short-term suggestions. Auntie's short-term trading advice: Short at 2188 (Short at 2275), Long at 2090 (Long at 1980) (Click the image to see the homepage introduction for more currency analysis) — I am Zhou Yueying.
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