3.11 Morning Market Analysis and Trading Recommendations



The 15-minute chart shows a surge to 70375 followed by a continuous pullback, with a low of 69388. This is a typical false breakout and shakeout pattern, indicating that short-term market sentiment remains unstable.
The middle band of the Bollinger Bands at 70000 is acting as a strong resistance, and the price is consolidating below the middle band, maintaining an overall bullish trend.

The strategy remains to primarily go long on dips, and to buy on rebounds, adopting a cautious approach.

Trading Recommendations

Bitcoin: Go long around 68800, target 70500-71500

Ethereum: Go long within the 2000—1970 range, target 2050—2090
BTC1.28%
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GateUser-d95cf383vip
· 1h ago
Thumbs up for you👍
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