Yueying: 3.19 Bitcoin and Ethereum Market Analysis Today - Will the Rate Decision Support a V-Shaped Recovery After the Pullback? Plus Intraday Movement Recommendations
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Bitcoin Technical Analysis————
On the daily chart, Bitcoin showed a sharp rise followed by a pullback, with the opening of the day characterized by consecutive downward candles. The Bollinger Bands indicate signs of contraction, with short-term moving averages flattening and turning downward. The MACD's fast and slow lines have turned downward, with decreasing volume bars. The KDJ indicator has crossed and extended downward, and the VR indicator is consolidating around 110. On the 4-hour chart, the market has experienced three consecutive bearish candles and is currently supported around the 60-day moving average and the lower band. The Bollinger Bands are leveling off with signs of downward opening, short-term moving averages are turning downward, MACD's fast and slow lines are extending downward with increasing volume bars, the KDJ has turned upward after finding support near 0, and the VR indicator is consolidating around 70. Overall, the market faced resistance during the rally and failed to break and stabilize above 76,000. The likelihood of retesting the 70,000–69,000 level has increased. The rate decision on Thursday morning may trigger a shakeout, so the short-term trend remains mainly range-bound. Although it broke out of the previous consolidation box, there was no strong continuation. If positive news emerges, another upward attempt to test resistance is possible. Short-term resistance is around 74,000, and support is around 69,000. Follow these for short-term trading suggestions.
Bitcoin Short-term Trading Recommendations: Short at 73,300, Long at 69,800 (Profits can be taken at your discretion once the strategy is activated)
Ethereum Technical Analysis————
Ethereum encountered resistance around 2,400 and pulled back. Its technical movement is consistent with Bitcoin. The daily chart shows a high close with bearish candles; intraday, after a slight rebound, it plunged again below 2,200. The short-term resistance is around 2,300; if the rebound fails to break through, further retracement is expected. Support levels are around 2,050 and above. See short-term trading suggestions.
Ethereum Short-term Trading Recommendations: Long at 2,070, Short at 2,285 (Profits can be taken at your discretion once the strategy is activated)
——I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading operations or trends, feel free to exchange ideas and learn together with me! Let’s communicate and profit together! #BTC #ETH
