Yue Ying: Bitcoin and Ethereum Market Analysis for March 12 — Continuing to Follow the Range Structure and Patiently Awaiting a Trend Reversal I am Zhou Yueying. Friends who enjoy my articles, please follow me and see today's share! Bitcoin Technical Analysis ———— In the previous analysis, I suggested a short position at 71,200. The market was resisted around 71,280 and retreated, creating about a $2,000 move. On the daily chart, the previous candle is a doji bullish candle. The market opened lower and tested downward. The Bollinger Bands are slightly opening, with the short-term moving averages still running around the middle band. The MACD fast and slow lines continue to extend upward, with volume fluctuating between expansion and contraction. The KDJ has turned downward again after a slight turn, and the VR indicator is consolidating near 85. On the 4-hour chart, the market is oscillating within the mid-to-upper band area, currently supported around the 60-day moving average. The Bollinger Bands are moving upward with signs of narrowing. The short-term moving averages are flat. The MACD fast and slow lines are turning downward and crossing, with the volume bars turning green and slightly increasing. The KDJ is heading downward, and the VR indicator is consolidating near 250. Overall, last night's data met expectations, with no significant volatility. The overall structure remains unchanged, so the short-term strategy stays the same: continue to follow the range and market structure, patiently wait for a new structure to emerge. Keep an eye on the resistance around 71,800 above and the previous high if broken. The current short-term support is around 69,000 below. For conservative entries, look for support above 66,800. Short-term Bitcoin suggestion: Short at 71,000 (short at 73,200), long at 67,600 (activate strategy with profit and manage accordingly). Yitai Technical Analysis ———— Yitai again faces resistance around 2,080. The overall technical structure remains the same, referencing Bitcoin. The short-term trading idea is similar; adjust the entry points slightly. Continue to focus on the previous high as resistance and support around 1,930 below. Trading in a choppy market requires patience and timely profit-taking. The longer the consolidation cycle, the stronger the risk management should be. Incorporate the possibility of trend reversal into your trading plan. Short-term Yitai suggestion: Short at 2,130, long at 1,970 (activate strategy with profit and manage accordingly). — I am Zhou Yueying, a teacher focused on technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's share insights and profit together! #BTC #ETH