3.13 BTC and ETH Morning Analysis

**Daily Level:**
BTC has formed four consecutive positive candles. Early morning price broke through the previous high with strong momentum. Bollinger Bands are beginning to slowly expand, with coin price consistently trading below the upper band, showing an overall strong structure. From a technical indicators perspective, KDJ has turned upward again forming a golden cross, MACD dual lines continue to diverge upward, volume has slightly increased, and short-term bulls are taking the initiative.

However, it's worth noting that US stocks opened and closed lower last night, yet BTC did not show synchronized pullback. This is mainly driven by continuous inflows of spot ETF funds, with market sentiment being artificially supported.

Macroeconomic uncertainty still exists though. The Middle East situation and Iran conflict remain potential variables. As long as the situation continues to develop, risk-aversion sentiment could warm up at any time, and there is always the possibility of price retracing again. While technicals favor bulls, I won't blindly chase rallies—caution must be maintained on any surges.

**Personal Suggestions:**

BTC: Enter short around 71500-72300, target below 70k, if not broken reverse to long
ETH: Enter short around 2120-2150, target below 2060, if not broken reverse to long
$BTC $GT $ETH #Gate2月衍生品市场份额创新高 #Bitcoin Support and Resistance Level Analysis