Crypto Wave Chasing: 3.24 Bitcoin (BTC), Ethereum (ETH) Today's Latest Market Analysis Reference, Information Interpretation
Crypto Wave Chasing: 3.24 Bitcoin (BTC) Market Analysis Reference:
Yesterday evening, Bitcoin experienced a strong rebound surge, with prices exploring near the 71,800 level, followed by a pullback due to selling pressure from above. As of press time, the coin price is oscillating around 71,000. From the daily chart perspective, Bitcoin price has broken through the Bollinger middle band and reclaimed the EMA short-term moving average, with the Bollinger middle band and short-term moving average basically coinciding to provide certain support. On the indicator level, the KDJ indicator's J value has turned upward from the oversold zone, forming a golden cross prototype with K and D values, with short-term rebound momentum accumulating; the MACD indicator's DIF line and DEA line are converging close to a death cross, but the volume columns are short and have not significantly expanded, with bullish momentum only slightly weakening and no clear bearish trend yet formed; the RSI indicator maintains in the 50-55 neutral-to-bullish range. Overall, rebound signals are beginning to emerge. If it can continue to hold above the short-term moving averages and drive a MACD golden cross, it will likely restart an upward challenge to previous highs.
From observing the short-cycle hourly chart, the 4-hour level price has strongly held above all short-term moving averages including EMA7, EMA15, and EMA20, with short-term moving averages turning upward to form a bullish alignment, while medium-term EMA30 and long-term EMA120 are gradually reclaimed by price, with short-term trend clearly strengthening; on the Bollinger band, price is breaking upward from the lower band toward the middle band, with the upper band beginning to open upward, and rebound momentum gradually releasing, with fluctuation range expected to expand. On the indicator level, the KDJ indicator's J value has rapidly risen from the oversold zone to around 90, forming a clear golden cross with K and D values, with abundant short-term rebound momentum; the MACD indicator's DIF line has crossed above the DEA line forming a golden cross, with volume columns turning from negative to positive and continuously expanding, confirming bearish momentum exhaustion and bullish momentum beginning to dominate; the RSI indicator has rebounded from low levels to around 75 in the bullish range, with bullish sentiment gradually warming. Comprehensively speaking, the 4-hour level has formed a clear rebound structure with bullish potential dominant. The subsequent trend will likely continue upward: if it can hold above current moving average support and break through the Bollinger upper band on volume, it will further challenge resistance zones above; however, a short-term pullback for accumulation is expected first, so attention should be paid to the support situation of EMA20 and Bollinger middle band (69,500). Operationally, it's recommended to maintain low pullback positions for longs.
Crypto Wave Chasing: 3.24 Bitcoin Short-term Reference:
Long positions: 68,500-69,500 range long, stop loss 500 points, target 70,500-71,500
Short positions: 71,500-72,500 range short, stop loss 500 points, target 70,500-69,500
Crypto Wave Chasing: 3.24 Ethereum Short-term Reference:
Short positions: 2,190-2,220 range short, stop loss 30 points, target 2,150-2,000
Long positions: 2,090-2,120 range long, stop loss 30 points, target 2,140-2,200
This content is originally shared by【Crypto Wave Chasing】, representing only personal views. The article is sent with delays and is for reference only. Do not blindly operate! I hope that everyone on the investment journey, regardless of how the market changes, can adhere to their own principles and maintain rationality and composure. #加密行情震荡 #比特币挖矿难度下调7.76% $BTC $ETH
