Yue Ying: Bitcoin and Ethereum Market Analysis for March 28-29 - Can It Test Key Support Again? Weekend Brief Review

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin closed with a bearish candle after a false break below the lower band, then rebounded from the wick. Currently trading above the lower band. The Bollinger Bands are flattening, the short-term moving average is trending downward, and the MACD fast and slow lines are extending downward with increasing histogram bars. The KDJ is moving downward, watch for support near the 0 level. The VR indicator is consolidating around 120. On the 4-hour chart, after a false break to a new low, there was a small intra-day rebound. The Bollinger Bands are opening downward, the short-term moving average is trending downward, and the MACD histogram is shrinking. The KDJ crossed upward then turned downward, watch for support near the 0 level. The VR indicator is consolidating around 50. Overall, the market is weak and testing key support again. Whether it can stabilize effectively remains to be seen. The short-term outlook remains unchanged: regardless of which side the box pattern breaks, continuation is likely. Whether the box pattern can break later will determine the overall trend direction. Pay attention to the key support at the lower boundary, with short-term resistance around 68,500. Support below is around 65,000. Refer to short-term trading suggestions.

Bitcoin Short-term Trading Advice: Short at 68,300, Long at 65,500 (Activate strategy with profit, trade at your own risk)

Yitai Technical Analysis ————

Yitai’s daily chart is also under pressure around the midline and the 60-day moving average. The technical trend can be referenced with Bitcoin’s. In the short term, support is still above 1,900, with resistance around 2,100. Refer to short-term trading suggestions.

Yitai Short-term Trading Advice: Short at 2,080, Long at 1,940 (Activate strategy with profit, trade at your own risk)

— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to discuss and learn with me! Let’s share insights and profit together! #比特币震荡走弱 $BTC