#Gate蓝龙虾重磅上线 #3月CPI数据出炉 $BTC $ETH March 12th 9:30 AM ETH Trend Analysis

Bare K and Volume: The daily chart shows a three-white-soldiers pattern, but volume is decreasing, and there is a long upper shadow. On a larger scale, it still remains in a wide range of 1824-2134 with sideways movement. It is recommended to continue trading within this range.
4-hour volume indicates that the bulls are in control, with some volume forming and the bears' volume being relatively small.
Moving Averages: The 4-hour moving averages are intertwined, indicating a sideways pattern. The main strategy is to wait for a "water lily" pattern to appear. Until then, focus on short-term trades; once it appears, trade according to the trend.
MACD: The wide-range sideways pattern is suitable for referencing the 15-minute and 1-hour MACD short-term indicators. Pay close attention to the appearance of divergences.
Bollinger Bands: Currently, the market is suitable for trading oscillation trades based on the 4-hour chart. The upper band is bearish, the lower band is bullish. Use stop-loss orders to avoid holding wrong positions. This indicator still has significant reference value.
Supply and Demand: Resistance above: 2066-100, 2156-2200, 2251-294; Support below: 1904-0941, 1834-1865 or 1796-1825 (choose one).
Vega Channel: 4-hour resistance zone: 2041-2066, 2212-2276.
Fibonacci Sequence: In sideways markets, it is suitable to use Fibonacci levels on the 15-minute or 1-hour charts for short-term trades. The retracement levels are 0.618 at 2087 and 0.786 at 2136 for the 2199-1906 correction. For the 1906-2088 upward correction, 0.382 is at 2018, 0.618 at 1975, and 0.786 at 1945.
Personal advice is for reference only: The market hasn't changed; it is still in a wide range of 1824-2134 sideways movement. Trade according to the current market conditions. Before a trend reversal signal appears, continue to follow the sideways strategy of buying low and selling high. Both bulls and bears can participate.