Zhou Yanling: Is Bitcoin's sideways consolidation on March 27 difficult to break upward? Ethereum stumbles and struggles to achieve significant progress

This week's market is in a wedge consolidation, and it is evident that the oscillation space is becoming narrower. Not only is it narrow, but as it approaches the end, the distance between fluctuations is becoming more frequent. With such frequent high selling and low buying actions, one must be mentally prepared for a potential breakout. The emergence of this structure generally does not provide specific directional guidance, as it could break downward or upward. It may sound like nonsense, but based on previous instances where the coin price has consolidated in this manner, it seems that there is always an intention to break upward; however, it has never actually broken upward, but rather experienced sharp drops. Due to this historical consideration, this time Yanling is looking for a downward breakout.

From the market perspective, recent candlesticks show that the price is oscillating at a high level, forming a small consolidation range. Recently, a long lower shadow appeared, indicating that there is still strong support below. The technical indicator MACD is near the zero axis, with relatively balanced bullish and bearish forces, but the fast and slow lines are beginning to converge, which may lead to a golden cross. The RSI is close to 50, with no obvious signs of overbought or oversold conditions in the market, suggesting that it may continue to oscillate in the short term, and one should be cautious of the risk of a pullback. The EMA7 and EMA30 are intertwined, with the price fluctuating around these two moving averages, while the EMA120 is still trending upward, indicating that the long-term bullish trend has not weakened, and the market remains in a consolidation range.

Zhou Yanling's March 27 Bitcoin trading strategy:

1. Short at 88700-88000, stop loss above 89700, target 86000-85000, continue to look for a downward move near 83800.

2. Long at 84800-85800, stop loss below 83800, target 86800-87600.

Zhou Yanling's March 27 Ethereum trading strategy:

1. Short at 2085-2040, stop loss above 2130, target 2000-1970, continue to look for a downward move near 1930.

2. Long at 1960-2000, stop loss below 1910, target 2050-2085.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】

The content of this article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). 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 position liquidation, and learning trading skills, you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.

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