Pionex: Bitcoin 3.11 Latest Market Analysis
Article Published on 2025.3.11—00:30
The current price of Bitcoin is 79,500. I won't discuss the market from a macro perspective; instead, I'll share my thoughts in the simplest and most straightforward manner. Firstly, the current candlestick pattern shows a downward trend, with consecutive bearish candles indicating heavy selling pressure in the market. The 4-hour candlestick chart has shown multiple long upper and lower shadows, indicating significant market volatility and a clear battle between bulls and bears. The MACD histogram is at a low level, suggesting a potential need for a rebound, but in the short term, the bearish sentiment is the most evident and realistic topic. The RSI is close to the oversold zone, indicating an overall weak trend. The EMA moving averages represent a typical bearish arrangement, and my approach is simple: focus on shorting at resistance levels during pullbacks, and do not think about bottom fishing for now.
Today's Price Predictions
- Long Entry: 75,000, Add Long at 74,000, Stop Loss at 73,500, Target 80,000
- Short Entry: 84,000, Add Short at 85,000, Stop Loss at 85,500, Target 80,000
Ethereum Analysis
Overall, Ethereum is neither rising nor falling. In the short term, the market shows a downward trend. The 4-hour candlestick chart indicates strong selling pressure and buying interest. The current MACD is in the negative zone, showing strong bearish momentum, while the RSI hovers around 36, indicating a weak state. The short-term EMA is below the long-term EMA, confirming the downward trend. My approach remains unchanged: focus on shorting at resistance levels during pullbacks, and be cautious about chasing long positions for now.
Today's Latest Price References
- Long Entry: 2,150, Add Long at 2,200, Stop Loss at 2,250, Target 2,000
- Short Entry: 1,950, Add Short at 1,900, Stop Loss at 1,870, Target 2,000
The above analysis is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, I have continuously explored and experienced hundreds of different digital assets. Throughout this process, I have witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, I feel a responsibility to share my insights, hoping to help others with dreams find their place in this ever-changing market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are to be borne by the reader.
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