Yueying: Bitcoin and Ethereum Market Analysis (March 30th) - Long Positions Precisely Analyzed; Key Support Levels Act as a Protective Barrier for the Bulls

The price action on Bitcoin, which was around $65,500 as mentioned above, has moved within a range of approximately $2,000. On the daily chart, the previous candlestick broke below the lower Bollinger Band and then rebounded. The Bollinger Bands are slightly widening, short-term moving averages are trending downwards, the MACD fast and slow lines are showing signs of turning downwards with decreasing volume, the KDJ is crossing upwards (watch for resistance around 40), and the VR indicator is consolidating around 110. On the four-hour chart, the price found support at the lower Bollinger Band, and after a rapid rise above the middle band at the open, the Bollinger Bands are narrowing and flattening, short-term moving averages are slightly turning upwards, the MACD fast and slow lines are extending upwards with increasing volume, the KDJ is crossing upwards (watch for resistance around 100), and the VR indicator is consolidating around 30. Overall, the market rebounded after a false breakout of the consolidation range, continuing its range-bound movement. The structure hasn't been completely broken, so the short-term strategy remains unchanged: continue treating it as a range-bound market. Regardless of which side breaks out from the upper or lower edge of the range, the focus will be on its continuation. The upper resistance level, around the 60-day moving average on the daily chart, will be the key level for short-term trading. The support level to watch is around 66000, the central support level. See short-term recommendations below. Bitcoin short-term recommendations: Short at 69500, Long at 66300 (take profits as needed). The Ethereum trade at 1940, mentioned above, was precisely executed, resulting in a move of approximately 110 dollars. The price action is similar to Bitcoin and can be used as a reference. The overall structure is also within a range, with key support levels held, but the bias is weak. Whether a reversal can occur depends on this week's price action. Short-term resistance is at 2180, and support is around 1900. See short-term recommendations below. Auntie's short-term trading suggestion: Short at 2125, Long at 1960 (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!