March 11th BTC/ETH:

I'm back. Up until today, due to the busy New Year period and health reasons, I paused updates for a whole month to rest and adjust my mindset. Now I’m fully recharged and ready to face each market wave with a better attitude. Let’s all keep going!

Regarding the market, the trend is basically the same as my pre-holiday forecast. Overall, it’s in a prolonged consolidation and fluctuation phase. Recently, geopolitical conflicts have caused oil prices to rise, Trump’s attitude has somewhat softened, and the market has started to rebound slightly. However, the overall policy direction that determines the rise or fall has not changed. The market is still in the mid-bear phase, and the rebound won’t be too high. In the short term, keep an eye on tonight’s month-end CPI!

BTC
The rebound in the market hit the daily resistance at 7180 and then started to pull back. The long upper shadow on the candle indicates weakening buying momentum. A correction is definitely coming. During the day, watch the rebound resistance at 7040, and for the pullback support, focus on 6830. Only if it breaks below this level will the rebound pattern be considered broken. Consider small, light positions with minor losses here.

Range around 7030-7080, with a defense at 7130, and a target of 6940-6830. If broken downward, look toward 6700-6550.

ETH
Range around 2032-2051, with a defense at 2078, and a target of 1990. If broken downward, look toward 1952-1903.

Short-term trading should be flexible and based on your own position and actual situation! $BTC #Gate蓝龙虾重磅上线