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3.11 BTC/ETH Morning Outlook
Four-hour signals are clear. The price touched the upper Bollinger Band and quickly plunged, with bullish candles giving back all gains. The bullish rebound was immediately suppressed, and the market rhythm shifted, with the bears regaining control. The rally driven by external positive factors was only fleeting and unable to change the overall weak structure.
The daily chart shows a long upper shadow, indicating that bullish momentum has significantly weakened; although there are two consecutive bullish candles, the upward push is weak, and the price has yet to break through the upper Bollinger Band, limiting upward space. $BTC $ETH
Overall judgment: After oscillating and consolidating, the market continues to decline, with the bears as the main force.
Trading reference
Bitcoin: 70,500–71,500, gradually shorting on rallies, target 68,000, break below target 66,000
Ethereum: 2,050–2,080, gradually shorting on rallies, target 1,980, break below target 1,900