Bitcoin has now been completely messed up. Bulls are waiting for a recession to trigger rate cuts, while bears are fixated on soaring inflation. As a result, the data has turned into a master of balancing, further splitting market consensus. Want to use data to see a breakthrough? You might as well wait for a clear sign of recession or a significant turn in inflation before considering it. The outcome of such lukewarm news data is market fluctuations. So right now, no one can do anything about the coin price; as long as it doesn't want to break out, continuing to oscillate at low levels for another week is not difficult. Predictions can be made, but remember, you cannot control the market's rise and fall, so you must go with the market's mood. This includes the situation of the past few days. Yan Ling has also mentioned to primarily follow the trend with a bearish stance. Anyone who has kept up with this thought should have reaped quite a bit.
At this moment, I am writing the strategy for the new day while the market is still declining. In fact, the two days of sideways movement over the weekend have already indicated that the upward momentum has weakened, and it has been hovering below 87,000. The pressure above is still quite evident, and the profit margin for shorting is very large. Moreover, this shorting is a starting point for a decline, which is a different trading concept. Therefore, the target for a serious decline will be to break below 80,000 points again. As long as your short position is good enough, you can continue to hold it long-term as it moves down; this low-level trend still has some time to go.
Zhou Yan Ling's Bitcoin Trading Strategy for March 11:
Short at 81,000-80,000, stop loss above 82,000, target 75,500-74,500
Long at 74,500-75,500, stop loss below 73,500, target 78,000-79,000
Zhou Yan Ling's Ethereum Trading Strategy for March 11:
Short at 2,075-2,030, stop loss above 2,120, target 1,950-1,900, continue to look for a decline towards around 1,800
Long at 1,790-1,830, stop loss below 1,740, target 1,980-2,030
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yan Ling's real-time strategies.]
The content of this article is exclusively shared by senior analyst Zhou Yan Ling (WeChat public account: Zhou Yan Ling). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on unblocking, and learning trading skills, you can follow the teacher's public account: Zhou Yan Ling to find the teacher.
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