Coin Sea Wave Chasing: 3.14 Bitcoin (BTC) Market Analysis Reference: Shortly after yesterday evening's article analysis was released, Bitcoin launched an upward wave, with coin prices relying on short-term support levels and moving upward consistently. After touching an intraday high near 73900, it came under pressure and fell back. In the early morning, it directly retreated to near the previous low. As of now, coin prices are running narrowly around the 70700 level, and intraday market conditions have entered an oscillating consolidation pattern. Observing from the daily chart, Bitcoin's recent price has continued to run between the middle and upper bands of the Bollinger Bands. The market has made multiple attempts to surge higher but each time encountered selling pressure and fell back. Daily K-line levels have consecutively produced long upper shadows, indicating evident selling pressure from above. However, the KDJ three-line shows a bullish alignment above 50, and the RSI indicator is in a moderate bullish zone, indicating that mid-term bullish momentum still dominates. The MACD green column continues to shrink and bearish momentum is weakening, showing signs of turning upward. Overall mid-term trend remains optimistic. Short-term pullbacks are mainly consolidation during the uptrend process, with potential for further upward exploration afterward. Subsequently, the upper Bollinger Band resistance level at 72820 needs key attention. Observing from short-cycle hourly charts, looking at the 4-hour and 1-hour cycles, prices entered a pullback phase after surging to 73913. In the 4-hour chart, the upper Bollinger Band is flattening, the KDJ three-line is diverging downward with the J-line entering the oversold zone, MACD has formed a death cross with enlarged green columns, and RSI has departed from the bullish zone, indicating significant mid-term pullback pressure. In the 1-hour chart, prices are running between the middle and lower bands of the Bollinger Bands, the bands are contracting downward, KDJ three-line is cohesive at low levels, MACD green columns have shrunk slightly but remain bearish, and RSI maintains a weak zone below 50, indicating insufficient short-term rebound momentum. Overall, it presents a weakly oscillating pattern. Below, key attention should be given to two support levels: the 4-hour Bollinger lower band at 69200 and the 1-hour lower band at 70395. Given that it's the weekend, I won't elaborate further. Short-term market is expected to be dominated by weak oscillating consolidation. For evening operations, high shorts and low longs can be executed within the range. Coin Sea Wave Chasing: 3.14 Bitcoin Short-term Reference: Short: 71500-72500 range short, stop loss 500 points, target 71500-70500 Long: 69200-70200 range long, stop loss 500 points, target 70500-71500 Coin Sea Wave Chasing: 3.14 Ethereum Short-term Reference: Short: 2100-2150 range short, stop loss 30 points, target 2080-2030 Long: 1990-2020 range long, stop loss 30 points, target 2080-2150 This article content is originally shared by 【Coin Sea Wave Chasing】, representing only personal views. The article has transmission delays and is for reference only. Do not blindly operate! I hope everyone on the investment journey, regardless of how the market changes, can adhere to their own principles and maintain rationality and calmness. #加密市场上涨 #比特币站上七万美元 #伊朗明确达成停火协议要求 $BTC $ETH
Coin Sea Wave Chasing: 3.14 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Today Evening, Information Interpretation
Coin Sea Wave Chasing: 3.14 Bitcoin (BTC) Market Analysis Reference:
Shortly after yesterday evening's article analysis was released, Bitcoin launched an upward wave, with coin prices relying on short-term support levels and moving upward consistently. After touching an intraday high near 73900, it came under pressure and fell back. In the early morning, it directly retreated to near the previous low. As of now, coin prices are running narrowly around the 70700 level, and intraday market conditions have entered an oscillating consolidation pattern. Observing from the daily chart, Bitcoin's recent price has continued to run between the middle and upper bands of the Bollinger Bands. The market has made multiple attempts to surge higher but each time encountered selling pressure and fell back. Daily K-line levels have consecutively produced long upper shadows, indicating evident selling pressure from above. However, the KDJ three-line shows a bullish alignment above 50, and the RSI indicator is in a moderate bullish zone, indicating that mid-term bullish momentum still dominates. The MACD green column continues to shrink and bearish momentum is weakening, showing signs of turning upward. Overall mid-term trend remains optimistic. Short-term pullbacks are mainly consolidation during the uptrend process, with potential for further upward exploration afterward. Subsequently, the upper Bollinger Band resistance level at 72820 needs key attention.
Observing from short-cycle hourly charts, looking at the 4-hour and 1-hour cycles, prices entered a pullback phase after surging to 73913. In the 4-hour chart, the upper Bollinger Band is flattening, the KDJ three-line is diverging downward with the J-line entering the oversold zone, MACD has formed a death cross with enlarged green columns, and RSI has departed from the bullish zone, indicating significant mid-term pullback pressure. In the 1-hour chart, prices are running between the middle and lower bands of the Bollinger Bands, the bands are contracting downward, KDJ three-line is cohesive at low levels, MACD green columns have shrunk slightly but remain bearish, and RSI maintains a weak zone below 50, indicating insufficient short-term rebound momentum. Overall, it presents a weakly oscillating pattern. Below, key attention should be given to two support levels: the 4-hour Bollinger lower band at 69200 and the 1-hour lower band at 70395. Given that it's the weekend, I won't elaborate further. Short-term market is expected to be dominated by weak oscillating consolidation. For evening operations, high shorts and low longs can be executed within the range.
Coin Sea Wave Chasing: 3.14 Bitcoin Short-term Reference:
Short: 71500-72500 range short, stop loss 500 points, target 71500-70500
Long: 69200-70200 range long, stop loss 500 points, target 70500-71500
Coin Sea Wave Chasing: 3.14 Ethereum Short-term Reference:
Short: 2100-2150 range short, stop loss 30 points, target 2080-2030
Long: 1990-2020 range long, stop loss 30 points, target 2080-2150
This article content is originally shared by 【Coin Sea Wave Chasing】, representing only personal views. The article has transmission delays and is for reference only. Do not blindly operate! I hope everyone on the investment journey, regardless of how the market changes, can adhere to their own principles and maintain rationality and calmness. #加密市场上涨 #比特币站上七万美元 #伊朗明确达成停火协议要求 $BTC $ETH