Sea of Coins Riding the Waves: 3.11 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Sea of Coins Riding the Waves: 3.11 Bitcoin (BTC) Market Analysis Reference:
Bitcoin faced downward pressure last night, showing a pullback movement. During the daytime, the market oscillated around the 70,000 level. From the daily chart, Bitcoin remains in a consolidation phase within a range, with the price moving between the middle and upper bands of the Bollinger Bands, which are narrowing in short-term volatility. The KDJ indicator's three lines are flat around 50, indicating ongoing bullish and bearish battles; the MACD's DIF line is above the DEA line, with the green bars gradually shortening, signaling diminishing bearish momentum and accumulating bullish strength; the RSI hovers between 50-60, reflecting a neutral market sentiment. Overall, the daily chart shows a consolidation phase, likely to continue within a range in the short term. Attention should be paid to whether the price can break through the upper Bollinger Band; a breakout could open upward space.
From the short-term hourly chart: On the 4-hour chart, the price is trading above the middle Bollinger Band, but the KDJ indicator's K line is below the D line, and the J line is turning downward, indicating weakening bullish momentum; the MACD's DIF line is slightly turning above the DEA line, with the green bars shrinking, showing reduced upward momentum and clear resistance at higher levels. On the 1-hour chart, the price has fallen below the middle Bollinger Band, with the KDJ lines diverging below 50, and the MACD's fast and slow lines forming a death cross approaching zero, with volume bars turning negative, and RSI dropping below 50, indicating short-term bearish dominance. Overall, the short-term cycle is in a correction phase from a high level, likely to continue oscillating within a range. If the price breaks below the middle Bollinger Band, it may further test the lower support; if it stabilizes above the middle band with increased volume, it could attempt to retest previous highs. Monitoring volume and momentum is crucial for confirming the direction breakout.
Sea of Coins Riding the Waves: 3.11 Short-term Bitcoin Reference:
Short Sell: 71,500-72,500 range, stop loss 500 points, target below 71,000,
Long Buy: 67,500-68,500 range, stop loss 500 points, target above 69,000,
Sea of Coins Riding the Waves: 3.11 Ethereum Short-term Reference:
Short Sell: 2,100-2,130 range, stop loss 30 points, target 2,070-2,000,
Long Buy: 1,930-1,960 range, stop loss 30 points, target 2,000-2,050,
This content is originally shared by 【Coin Sea Riding the Waves】, representing personal views only. There may be delays in posting. For reference only. Do not operate blindly! We hope that on your investment journey, regardless of market fluctuations, you can stick to your principles, stay rational and calm. Deeply understand the characteristics, risks, and reward mechanisms of investment products, and avoid being swayed by short-term market volatility. Wishing all followers to have keen insight, seize opportunities, make precise decisions, and navigate the waves of the investment ocean to harvest wealth and growth!!!)$BTC ‌$ETH ‌#btc
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