Crypto Wave Chasing: 3.20 Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference for Tonight, Information Interpretation

Crypto Wave Chasing: 3.20 Bitcoin (BTC) Market Analysis Reference:
After the analysis article was published last night, Bitcoin retreated as expected to test the support below, and after stabilization, a slight rebound was launched; today the coin price touched 71300 at a high level and came under pressure again to fall back, the market entered a range shock consolidation stage, as of press time, the coin price was running around 70300. From the daily level, Bitcoin's current price is above the Bollinger middle band, but has fallen below the EMA short-term moving average, showing an overall pattern of high-level shock weakness. In the MACD indicator, DIF and DEA dual lines are still running above the zero axis, and have not yet formed a death cross, but the MACD histogram continues to narrow, indicating that the bullish momentum has significantly weakened with signs of shifting to bearish; in the KDJ indicator, the J value has entered the oversold zone, K and D lines are moving downward synchronously, and there is a need for technical correction after short-term oversold; the RSI three lines hover around 45 and have not entered the extreme zone, having broken below the short-term moving average band, with MA30 (69000) below constituting weak support, if unable to quickly recover the moving average in the follow-up, it will further test the previous low.
From the 4-hour level, Bitcoin's current price is running below the Bollinger middle band, with the lower band at 68400 providing support, overall in a shocking downward channel of high-level pullback. In the MACD indicator, DIF and DEA dual lines diverge below the zero axis, with the histogram gradually narrowing and bearish momentum somewhat weakening; in the KDJ indicator, the J value turns upward, K and D lines rise synchronously, and there is a need for technical rebound after short-term oversold; the RSI three lines hover around 40, not yet in the extreme oversold zone. Above, focus on the Bollinger middle band at 71900 as resistance, if the rebound cannot break through this area on volume, the 4-hour level will continue the shock downward trend, further testing the lower band support. Operationally, you can wait for subsequent rebounds to near the resistance level with no volume under pressure, then follow the trend to layout short positions, targeting the lower support zone, must strictly control position size and set stops during operations, avoid heavy positions chasing rallies and selling dips.
Crypto Wave Chasing: 3.20 Bitcoin Short-term Reference:
Short: 71500-72500 range short, stop loss 500 points, target 70500-69500
Long: 68300-69300 range long, stop loss 500 points, target 70000-71500
Crypto Wave Chasing: 3.20 Ethereum (ETH) Market Analysis Reference:
From the 4-hour level, Ethereum's current price is below the EMA7/15/20/30 moving averages with EMA120 providing weak support, the Bollinger middle band (2224) constitutes strong pressure, MACD dual lines diverge downward crossing below the zero axis, bearish momentum slightly contracting, KDJ at low level showing some uplift, RSI approaching oversold, overall in a weak consolidation stage of high-level pullback with limited short-term correction momentum. From the 2-hour level, price oscillates below the Bollinger middle band and above the lower band, MACD weak golden cross below zero axis, KDJ at mid-level moving up, RSI cautiously biased, showing weak correction momentum after oversold but insufficient bullish power. Comprehensively analyzing, the 4-hour level bearish trend is dominant, 2-hour level rebound height is limited, if unable to break through 2180 and the 4-hour Bollinger middle band pressure on volume, will continue the shock downward trend, further testing 2105 or even 2060 previous lows, it is recommended that coin friends do advance risk management.
Crypto Wave Chasing: 3.20 Ethereum Short-term Reference:
Short: 2175-2225 range short, stop loss 30 points, target 2130-2080
Long: 2055-2105 range long, stop loss 30 points, target 2145-2200
This article content is originally shared by【Crypto Wave Chasing】, representing only personal views, the article has transmission delay, for reference only, do not blindly operate! Hope that everyone on the investment path, no matter how the market changes, can stick to your own principles, maintain rationality and calmness. #加密行情震荡 #比特币支撑阻力位分析 $BTC $ETH