Bitcoin/Ethereum has been trading in a narrow range since reaching 68,000 and 1980 last night, showing poor continuity. This is mainly due to the significant influence of external news. The CPI data later tonight will be crucial in determining whether it will have a catalytic effect on the market. The hourly chart shows consecutive bearish candles, with the price center shifting downwards, forming a clear downtrend. The latest candle's closing price is close to the lowest point, but trading volume is shrinking, suggesting a possible slight rebound or consolidation in the short term. The daily chart shows a large bearish candle today, engulfing some of the previous day's gains and featuring a long upper shadow, indicating heavy selling pressure and strong bearish momentum at the daily level. Technical indicators show the DIF and DEA lines diverging downwards below the zero line, and the MACD histogram showing increasing green bars, indicating strong bearish momentum. Today's large bearish candle on the daily chart, accompanied by high trading volume, further confirms the downtrend at the daily level. Evening trading suggestions: Short Bitcoin around 69800 to 70300, with a target of 67500 to 68500; Short Ethereum around 2050 to 2070, with a target of 1950 to 1980, and further targets of 71300 and 2100.
Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (March 11th)
2026-03-11 13:17:58
Share
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
About MyToken:https://www.mytokencap.com/en/aboutusArticle Link:https://www.mytokencap.com/en/choicenews/3082962.html