Yueyueying: 3.16 Bitcoin and Ethereum Daily Market Analysis – Breakout from the Range, Bullish Momentum Returns? Current Price Attached

I am Zhou Yueyueying. Friends who enjoy this article, please follow me, and let’s review today’s analysis!

Bitcoin Technical Analysis————

The daily chart shows that the previous candle closed as a bullish (yang) line. During the session, the opening extended upward to test the area around the 60-day moving average. The Bollinger Bands are in an expanding state, with short-term moving averages turning upward. The MACD fast and slow lines are extending upward with volume bars continuing to grow. The KDJ indicator is moving upward, with resistance near the 100 level. The VR indicator is consolidating around the 130 level. On the 4-hour chart, the price has broken through the upper band with consecutive bullish candles, trading above the upper band. The Bollinger Bands are in an expanding state, with short-term moving averages trending upward. The MACD fast and slow lines have turned upward again with increasing volume. The KDJ has turned upward again after a previous turn, with resistance near the 100 level. The VR indicator is consolidating around the 120 level. Overall, the market has broken previous highs with a strong technical bias, but has not yet tested a stable support. Short-term traders can attempt to short at current resistance levels. If a full breakout occurs, attention should be paid to resistance around 76,000. Short-term trading suggestions below.

Bitcoin Short-term Suggestion: Short at current price 74,000 (also short at 76,000) (Activate strategy and take profits at your discretion)

Ethereum Technical Analysis————

Ethereum’s current trend is also following Bitcoin, breaking through previous resistance. On the daily chart, it is testing resistance around the 60-day moving average. The overall technical outlook aligns with Bitcoin, with short-term strategies synchronized. If it breaks through, watch for resistance near 2,400. Short-term trading suggestions below.

Ethereum Short-term Suggestion: Short at current price 2,265 (also short at 2,388) (Activate strategy and take profits at your discretion)

——I am Zhou Yueyueying, a teacher specializing in technical analysis. Friends with any questions about trading operations or trends are welcome to exchange ideas and learn trading strategies with me! Mutual exchange, mutual profit! #BTC #ETH