On the daily chart, Bitcoin closed with a small bullish candlestick with a lower shadow. Intraday opening saw an upward test, with the Bollinger Bands slightly widening, short-term moving averages turning upwards, the MACD fast and slow lines extending upwards with increasing volume, the KDJ crossing upwards, and the VR indicator consolidating around 100. On the 4-hour chart, the price found support around the middle Bollinger Band and the 60-day moving average, testing the upper Bollinger Band. The Bollinger Bands are showing signs of widening, short-term moving averages are turning upwards, the MACD fast and slow lines are turning upwards again with increasing volume, the KDJ is extending upwards, and attention should be paid to resistance around 100. The VR indicator is consolidating around 300. Overall, the price found support around 69000 and is retesting resistance near the upper edge. The technical outlook is bullish; whether this trend continues depends on a breakout of the previous high. Short-term focus is on resistance around 74000, while support remains around 69000. See short-term recommendations below. Bitcoin Short-Term Trading Suggestions: Short at 73200, Long at 69500 (Take profits as needed). The short position at 2130 given above on Ethereum was rejected at 2148 and has only moved a few dozen dollars so far. The daily chart is testing the upper resistance level. Overall, the technical indicators are linked to Bitcoin. Watch for resistance around 2200; a break above this level would extend to the key level around 2350. On the downside, watch the 2000 area first, then the 1930 area. These are the key levels for short-term trading. See short-term suggestions. Ethereum Short-Term Trading Suggestions: Short at 2180 (Short at 2325), Long at 2030 (Long at 1950) (Click the image to see the homepage introduction for more cryptocurrency analysis) — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
Yueying: Bitcoin and Ethereum Market Analysis (March 13th) - Is Bitcoin about to break through and target 78,000? (Short-term analysis included)
2026-03-13 08:31:29
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