Wednesday, 3.11: Latest Market Trends for Bitcoin and Altcoins

Our market is currently caught in intense battles between bulls and bears. Bitcoin is trading within a narrow range of 69,300-70,000, clearly entering a consolidation and accumulation phase. The bottom was established and stabilized this morning, and our senior analyst continued to focus on guidance in the evening. Students following along should be patient and wait. I will provide real-time updates based on the actual market conditions!

On the four-hour chart, the Bollinger Bands are alternating between bullish and bearish signals. The previous continuous bearish pattern has been broken, and bullish momentum is gradually recovering. On the hourly chart, support levels are increasing with higher volume, and multiple downward moves have not broken these supports. Strong support has been established, and a rebound window is about to open. However, at this critical juncture, our senior analyst reminds everyone to stay vigilant and maintain proper defense.

Trading Recommendations:
Bitcoin (BTC): Buy at 68,000-69,000, target above 72,000, 73,000;
Altcoins: Buy at 1,970-2,000, target above 2,100, 2,140.