Coin Sea Wave Chasing: 3.12 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Today, Information Interpretation

Coin Sea Wave Chasing: 3.12 Bitcoin (BTC) Market Analysis Reference:

Bitcoin pulled back to test support last night and stabilized into a rebound, surging to touch 71300 then facing pressure again, the market entered a range consolidation phase. As of publication, the coin price is trading around 70000. From the BTC daily chart perspective, it is currently trading between the BOLL mid-band and upper band, with upper band pressure still present. Short-term EMA moving averages are flattening and turning upward with price holding above them. Although long-term EMA is still declining and mid-term bearish structure has not fully reversed, KDJ three lines are sticky near 50 showing more bulls, MACD volume bars remain positive, DIF and DEA maintain trajectories close to the zero axis, bearish momentum is weakening and bullish momentum is gradually accumulating. Short-term likely to grind bottom in the 68000-72000 range and is expected to test the BOLL upper band resistance. If 72000 breaks effectively, it opens mid-term rebound space.

Observing from short-period hourly charts, on the 4-hour level, Bollinger Bands show a pinch formation with upper band pressing down. Current coin price is trading near the BOLL mid-band. KDJ three lines are at low levels with no reversal signal yet. MACD volume bars continue to shrink, turning from positive to negative, fast and slow lines approaching convergence with signs of forming a death cross. Short-term exists downside exploration expectation, but the lower band 68000 support is relatively strong, anticipated price will oscillate repeatedly in the 68000-71000 range. On the 1-hour level, price has pulled back from the high of 71320 to below the BOLL mid-band. KDJ indicator's J line rebounded from low and turned upward, DIF approaching DEA, RSI hovering around 50, showing bearish momentum weakening and bulls attempting recovery. Short-term leans toward oscillation recovery pattern. Overall, short-period remains mainly oscillation-focused, need to pay attention to breakthroughs above and below key support and resistance levels. Intraday operation suggestion is to go short at highs and long at lows within the range.

Coin Sea Wave Chasing: 3.12 Bitcoin Short-term Reference:
Short: 71000-72000 range short, stop loss 500 points, target 71000-69000
Long: 68000-69000 range long, stop loss 500 points, target 69000-70500

Coin Sea Wave Chasing: 3.12 Ethereum Short-term Reference:
Short: 2090-2120 range short, stop loss 30 points, target 2050-2000
Long: 1975-2005 range long, stop loss 30 points, target 2050-2100

The content of this article is originally shared by [Coin Sea Wave Chasing], representing personal views only. This article has transmission delay and is for reference only, do not blindly operate! Hope everyone on the investment journey, regardless of how the market changes, can adhere to your own principles and maintain rationality and composure, #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #原油价格上涨 $BTC $GT $ETH