Yueying: March 10 Bitcoin Ethereum Today's Market Analysis Reverting to Box Structure When Will the Volatile Pattern End?

CN
4 hours ago

Within a person's self-discipline lies infinite possibilities; the degree of your self-discipline determines the height of your life.

There are no shortcuts in life, but every step you take counts.

The more diligent, the more effort; the more disciplined, the more excellent. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, providing insights based on my technical understanding of the market.

Yueying's strategy only has precise points, without ambiguous ranges or nearby areas; friends who like Yueying can click to follow. Let's see today's sharing!

Bitcoin Technical Analysis————

Looking at Bitcoin's daily chart after four consecutive bearish candles, it opened directly upwards to test the middle track. The Bollinger Bands continue to narrow and the short-term moving averages operate around the middle track; the MACD fast and slow lines extend upwards while the volume bars increase again. The KDJ shows signs of crossing down with a bend. The VR indicator is consolidating near the 70 value. In the 4-hour chart, after hitting resistance around 74000, the price tested downward again continuously on the box middle structure, receiving support for a consecutive upward rebound. The Bollinger Bands are trending down while narrowing, with the short-term moving averages bending. The MACD fast and slow lines have crossed downward through the 0-axis and are now crossing upwards with the volume bars turning red. Watch for the resistance near the 100 value as the KDJ extends upwards and consolidate around the 60 value for the VR indicator. Overall, the market did not extend after breaking above the box top but returned to the box. The short-term approach remains to treat it as a box, but Yueying believes that although it has not completely broken the previous structure, the oscillation pattern will not last long, so expect a potential change at any time. Pay attention to the resistance around 71000 above, followed by the previous high, and the short-term support around 65500 below; see short-term suggestions.

Bitcoin short-term suggestion: Sell at 70800, Buy at 66600 (strategy activated, take profits yourself)

Ethereum Technical Analysis————

The technical aspect of Ethereum is linked to Bitcoin for reference; the trend structure is similar, maintaining the box structure, and can be readjusted after a breakout. Watch for resistance around 2150 above and support around 1900 below. It is important to note that if it breaks through the upper edge of the box again, the probability of a new high will increase. See short-term suggestions.

Ethereum short-term suggestion: Sell at 2125, Buy at 1930 (strategy activated, take profits yourself)

——I am Zhou Yueying, a teacher focused on technical analysis. Anyone who has questions about operations or trends can communicate and learn operations with me! Let's share and profit together!

There may be delays in the article release audit; the market changes rapidly, and the above suggestions are for reference only at your own risk! The market changes every day; what I can do is use my years of practical experience to give everyone a slight help, steering your investment decisions and business management in the right direction. Meeting is fate; I am a person who believes in fate. If you have any doubts in the crypto space, you can pay more attention to Zhou Yueying, who I believe will be helpful to you.


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