3.11 Bitcoin Evening Market Analysis



Oscillating Slightly Bullish, Retracements Stabilize with a Focus on Buying at Low Levels

Market Structure: Daily chart shows three consecutive bullish candles, retracements do not break key support levels, with dense lower shadows indicating strong buying support; 4-hour moving averages remain in a bullish alignment without breaking, maintaining an upward trend.

Funding Situation: On-chain data shows a continuous decline in exchange BTC holdings, with whales accumulating at lower levels, and short-seller selling pressure gradually weakening.

News Factors: Geopolitical risks easing, capital flowing back into risk assets; if tonight’s CPI data meets expectations, it will reinforce expectations of monetary easing, which is positive for Bitcoin’s upward movement.

Support: 68,300—67,300 (Strong Defense)

Resistance: 70,500—71,500 (Breakout Indicates Continuation)
BTC0,97%
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