3.11 Wednesday Mu Feng Evening Market Analysis


During the daytime, the Chinese session maintained a volatile downward trend, with BTC touching around 70200 and facing resistance before pulling back, currently falling to around 69500. The morning strategy was perfectly executed, capturing a 1000-point move.

1H chart shows alternating bullish and bearish candles, with resistance at the middle band of the Bollinger Bands. The MA5 and MA10 moving averages have a dead cross downward;
4H chart shows the candles under the upper band of the Bollinger Bands, with moving averages shifting from a golden cross to a dead cross. The bullish momentum continues to shrink, and the bearish structure is clear.

Evening Strategy
BTC: Short in batches around 69700–70200, target 68800–67800
ETH: Short in batches around 2040–2060, target 1990–1960
BTC0,97%
ETH1,69%
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