Crypto Wave Chasing: 3.22 Cryptocurrency Circle Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference for This Evening, Information Interpretation

Crypto Wave Chasing: 3.22 Bitcoin (BTC) Market Analysis Reference:
This morning, Bitcoin's short-term price quickly dipped and pulled back. The low touched near the 68200 level before the decline halted and rebounded. As of press time, the coin price is oscillating around 68400. From the daily chart level, after the K-line closed negatively and adjusted, the current price has fallen below the short-term moving averages. The 7-day, 15-day, and 20-day EMAs all turned downward, with the moving average system showing a short-term weakening trend. The KDJ indicator's three lines are diverging downward synchronously, with the J value entering the oversold region without showing signs of reversal yet, with bearish forces still dominating. In the MACD indicator, DIF is crossing below DEA with a death cross emerging, volume bars are gradually shrinking and turning negative, with weakening momentum, and bullish energy further declining. The RSI indicator's three lines have all fallen below 50, confirming a short-term bearish-dominated pattern. Only the Bollinger Band's lower rail and the previous low point in the 66000-67000 zone provide limited support. The subsequent trend is likely to continue declining.
Observing the short-period hourly chart, on the current BTC 4-hour chart, the price has broken through all short-term EMA lines (7/15/20) and mid-term EMA30 and long-term EMA120. The moving average system shows a bearish arrangement, with Bollinger Bands opening downward and price hugging the lower rail, with a clear bearish trend. The KDJ three lines are diverging downward with the J value approaching the oversold region, MACD shows a death cross after which volume bars continue to expand, and RSI's three lines have all fallen below 40, with market sentiment extremely weak and short-term rebound momentum feeble. For subsequent trend movements, the price is likely to continue the decline. If it breaks the recent low of 68200, it will further test the 66000-67000 support zone. If it temporarily stabilizes and rebounds, the 70000-70500 zone above will face dual pressure from EMA30 and the Bollinger middle rail, making a breakthrough extremely difficult. Overall, it remains mainly biased bearish with oscillating weakness, requiring vigilance against risks of further testing mid-term support.
Crypto Wave Chasing: 3.22 Bitcoin Short-term Reference:
Short position: 69500-70500 zone, stop loss 500 points, target 68500-67500
Long position: 66500-67500 zone, stop loss 500 points, target 68500-69500
Crypto Wave Chasing: 3.21 Ethereum Short-term Reference:
Short position: 2130-2180 zone, stop loss 30 points, target 2080-2020
Long position: 1995-2025 zone, stop loss 30 points, target 2070-2150
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