3.11 Bitcoin Auntie's Morning Thoughts

The four-hour signals are already very clear — the price just touched the upper Bollinger Band and quickly plunged, with the bullish candles' gains completely swallowed up. The bulls just lifted their heads but were immediately pushed back down, and the momentum instantly fizzled out. The market rhythm has clearly shifted, and the bears have regained control. The recent surge driven by external positive news was just a fleeting moment and cannot fundamentally alter the overall weak structure.

Looking at the daily chart, a long upper shadow directly undermines the confidence of the bulls. Although two consecutive bullish candles have appeared, the upward momentum is clearly weak, and it has yet to break through the upper Bollinger Band, indicating insufficient energy.

Overall, today's market is more likely to continue falling after a period of consolidation — with the bears remaining the main theme.

Personal Suggestions
Bitcoin: Enter around 70,500-71,500, with a target down to 68,000; if broken, watch for 66,000
Auntie: Enter around 2,050-2,080, with a target down to 1,980; if broken, watch for 1,900
$BTC $0G #加密市场上涨