Coin Sea Chasing Waves: 3.14 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference for Tonight, Information Interpretation

Coin Sea Chasing Waves: 3.14 Bitcoin (BTC) Market Analysis Reference:
Shortly after the article analysis was released last night, Bitcoin rallied, with the coin price relying on short-term support levels rising all the way. After touching the daily high of 73900, it came under pressure and declined again. In the early morning, it directly retraced to near the previous low. As of now, the coin price is running narrowly around the 70700 level, with intraday market entering a consolidation phase. From the daily chart observation, Bitcoin's recent price continues to run between the middle and upper bands of the Bollinger Band. The market has attempted to break higher multiple times but faced selling pressure each time, with consecutive long upper shadow lines on the daily K-line, indicating obvious selling pressure above. However, the KDJ three-line is in bullish alignment above 50, and the RSI indicator is in a moderate bullish zone, showing that medium-term bullish momentum still dominates; the MACD green column continues to shrink, bearish momentum is weakening with signs of upward turning, the overall medium-term trend remains optimistic, short-term pullbacks are more part of the accumulation phase during the uptrend, with potential for further upward testing later. Need to focus on the Bollinger Band upper rail resistance at 72820.
From the short cycle hourly chart observation, from a 4-hour and 1-hour perspective, the price entered the pullback phase after rallying to 73913. On the 4-hour chart, the Bollinger Band upper rail is flat, KDJ three-line diverging downward with the J-line entering the oversold zone, MACD forming a death cross with expanding green column, RSI departing from the bullish zone, showing significant medium-term pullback pressure; on the 1-hour chart, price is running between the middle and lower bands of the Bollinger Band, with the band narrowing downward, KDJ three-line sticking at low levels, MACD green column slightly shortened but still biased bearish, RSI maintained in the weak zone below 50, indicating insufficient short-term rebound momentum, overall showing a weak oscillation pattern. Below, need to focus on the 4-hour Bollinger Band lower rail at 69200 and the 1-hour lower rail at 70395 as support levels. Given that it's the weekend, won't elaborate further. Short-term market is expected to consolidate with weak oscillation mainly. Evening operations can go short on highs and long on lows within the range.
Coin Sea Chasing Waves: 3.14 Bitcoin Short-term Reference:
Short: 71500-72500 zone short, stop loss 500 points, target 71500-70500,
Long: 69200-70200 zone long, stop loss 500 points, target 70500-71500,
Coin Sea Chasing Waves: 3.14 Ethereum Short-term Reference:
Short: 2100-2150 zone short, stop loss 30 points, target 2080-2030,
Long: 1990-2020 zone long, stop loss 30 points, target 2080-2150,
This article content is exclusively shared by [Coin Sea Chasing Waves], representing only personal views. The article is sent with delay, for reference only, do not trade blindly! Hope everyone on the investment journey, no matter how the market changes, can stick to your 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