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

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

Bitcoin pulled back last night to test the lower support level and stabilized into a rebound, with the price surging to 71300 and then facing pressure to fall back. The market has entered a range-bound consolidation phase. As of press time, the coin price is trading around 70000. From the BTC daily chart perspective, it is currently running between the BOLL middle band and upper band, with the upper band still exerting pressure. In the short term, the EMA moving averages are flattening and bending upward with the price standing firm above them. Although long-term EMA is still declining and the medium-term bearish pattern has not completely reversed, the KDJ three lines are converging around 50 with a bullish bias. MACD histogram columns continue to show positive values, with DIF and DEA maintaining trajectories close to the zero axis. Bearish momentum is weakening, bullish momentum is gradually accumulating. In the short term, there is a high probability of consolidating at the bottom within the 68000-72000 range, with potential upward testing of the BOLL upper band resistance. If 72000 is effectively broken through, it will open up medium-term rebound space.

Observing from the short-cycle hourly chart, on the 4-hour level, the Bollinger Bands show a narrowing pattern with the upper band pressing down. Currently, the coin price is trading near the BOLL middle band. The KDJ three lines are at low levels with no reversal signals yet. MACD histogram columns are continuously shortening, turning from positive to negative, with fast and slow lines approaching convergence and signs of forming a death cross. There is potential for downside exploration in the short term, but the lower band support at 68000 is relatively strong. It is expected that the price will repeatedly oscillate and consolidate within the 68000-71000 range. On the 1-hour level, the price has fallen from the high of 71320 back below the BOLL middle band. The J line of the KDJ indicator has risen from the low and turned upward, DIF is drawing closer to DEA, and RSI is hovering near 50, indicating weakening bearish momentum and bullish attempts at recovery. Short-term dynamics show a shock and repair trend. Overall, short cycles remain mainly oscillatory, with attention needed on breakthrough situations at key support and resistance levels. Intraday trading suggestions recommend selling high and buying low within the range.

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

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

This article content is originally shared by [Coin Wave Chasing], representing only personal views. The article has posting delays and is for reference only. Do not operate blindly! We hope that everyone on the investment journey, no matter how the market changes, can adhere to their own principles, 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