Yue Ying: Bitcoin and Ethereum Market Analysis for 3.6 - Non-farm Payroll Data Boosts Bulls to Break Through Again? Short-term Tips

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Bitcoin Technical Analysis ————

The previous short position at 74600 mentioned earlier, the market only pushed above 74000, missing a few hundred dollars. The upward breakout expectation remains fairly accurate. On the daily chart, a strong rally broke through the upper band but faced resistance, with the previous candle closing bearish. The market opened below the upper band and oscillated, with Bollinger Bands slightly opening, short-term moving averages turning upward, MACD fast and slow lines extending upward with decreasing histogram, KDJ near 100 with resistance and turning downward, VR around 70 and consolidating.
On the 4-hour chart, after being supported around the middle band, the market rallied with consecutive bullish candles, broke above the upper band but faced resistance and retraced, testing the middle band again. Bollinger Bands are moving upward, the 7-day moving average is turning downward, MACD fast and slow lines crossed downward with green volume bars, KDJ moving downward, watch for support near 0, VR around 120 and consolidating.
Overall, the market trend aligns with previous ideas, indicating an upward breakout from the box. Recent articles also emphasize that the box oscillation is nearing its end and a trend reversal is imminent. Today is Friday, and non-farm payroll data may impact short-term volatility, potentially helping the bulls to continue. Pay attention to resistance levels above.
In the short term, consider the previous high as a reference point, followed by the 76000 zone. Short-term suggestions.

Bitcoin Short-term Suggestion: Short at 73300 (short at 75500) (Activate strategy with profit, manage at will)

Yitai Technical Analysis ————

Yitai previously shorted at 2180, strategy was accurate. The market retraced to 2199, with about a 120-dollar move. The overall technicals are linked to Bitcoin’s reference. Currently, the price is blocked around 2200 after breaking out of the previous box. In the short term, continue to watch resistance around this level. If broken, the bullish continuation should target around 2380. Short-term suggestions.

Yitai Short-term Suggestion: Short at 2160 (short at 2355) (Activate strategy with profit, manage at will)

— I am Zhou Yueying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to discuss and learn with me! Let’s share insights and profit together! #BTC #ETH