From the 4-hour chart perspective, BTC tested the wedge lower track support yesterday and quickly stabilized and rebounded, confirming solid buying support in this area. Short-term has returned to a range-bound oscillation pattern. The current trend is highly consistent with the previous support level rebound formation, and the MACD indicator simultaneously shows signals of bearish volume contraction and weakening momentum. Downside momentum is gradually fading. Today's market welcomes a warming opportunity, having reclaimed the MA120 moving average, with oscillation bias upward trend confirmed and clear upside expansion potential in the short term. Intraday operations focus on dip buying.
3.20 Friday BTC.ETH Latest Analysis
From the 4-hour chart perspective, BTC tested the wedge lower track support yesterday and quickly stabilized and rebounded, confirming solid buying support in this area. Short-term has returned to a range-bound oscillation pattern. The current trend is highly consistent with the previous support level rebound formation, and the MACD indicator simultaneously shows signals of bearish volume contraction and weakening momentum. Downside momentum is gradually fading. Today's market welcomes a warming opportunity, having reclaimed the MA120 moving average, with oscillation bias upward trend confirmed and clear upside expansion potential in the short term. Intraday operations focus on dip buying.
BTC: 69500-70500 support, ↑73500, 75000;
ETH: 2090-2120 support, up to 2190, 2260.
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