Crypto Wave Chasing: 3.18 Bitcoin (BTC), Ethereum (ETH) Latest Evening Market Analysis Reference, Information Interpretation
Crypto Wave Chasing: 3.18 Bitcoin (BTC) Market Analysis Reference:
Bitcoin pulled back after surging yesterday, subsequently entering a consolidation phase at high levels. Intraday prices oscillate within the range, with bullish momentum gradually weakening. From a daily perspective, prices remain above MA5, MA10, and MA30 moving averages with bullish alignment maintained. The medium-term uptrend remains solid. KDJ and RSI indicators are in the high overbought zone with optimistic market sentiment, though overbought signals are emerging. In MACD, DIF and DEA maintain upward divergence with bullish core momentum intact. Overall, the medium-term maintains an upward pattern, however the overbought formation suggests near-term pullback risks. Key focus should be on the 73000-73500 range support—the fate of this zone will determine near-term direction. Operationally, blindly chasing highs is not recommended.
Observing shorter timeframes on hourly charts: On the 4-hour chart, Bitcoin trades above the Bollinger Band midline in a high-level consolidation zone. In the KDJ indicator, the J value has retreated to low levels with K and D values declining in sync. MACD turned from positive to negative with DIF crossing below DEA forming a bearish divergence, indicating short-term pullback sentiment release and cyclical momentum weakening. On the 1-hour level, prices repeatedly seesaw around the Bollinger Band midline with intensified long-short battles. KDJ shows low-level reversal signals and MACD green bars showing modest expansion—bearish momentum has not fully diminished. Overall, near-term prices likely consolidate within the 73500-74800 range. Subsequently, focus on 4-hour Bollinger Band midline support near 73475. If broken, it may further test 72500-73000 range seeking stronger support. We recommend crypto friends operate cautiously and implement proper risk management!
Crypto Wave Chasing: 3.18 Bitcoin Near-term Reference:
Short: 74800-75800 range short, stop loss 500 points, targets 74500-73500-72500
Long: 72000-73000 range long, stop loss 500 points, targets 73500-74500
Crypto Wave Chasing: 3.18 Ethereum (ETH) Market Analysis Reference:
Ethereum's intraday movement is largely in line with Bitcoin. From the 4-hour chart, Ethereum trades above the Bollinger Band midline oscillating at high levels. MACD DIF crosses below DEA forming a bearish divergence with bullish momentum cyclically weakening. KDJ J value retreats to low levels, RSI falls from the high overbought zone—short-term pullback signals are emerging. On the 1-hour chart, prices have retraced to the Bollinger Band lower rail with MACD fast and slow lines approaching the zero axis downward. KDJ indicators are at low levels with RSI falling into weak zones—bearish sentiment further released. Overall, Ethereum is in a short-term consolidation pullback phase with key focus on 4-hour Bollinger Band midline support near 2260. If effectively broken, it may further test lower levels.
Crypto Wave Chasing: 3.18 Ethereum Near-term Reference:
Short: 2355-2395 range short, stop loss 30 points, targets 2300-2250
Long: 2225-2255 range long, stop loss 30 points, targets 2300-2350
This content is originally shared by 【Crypto Wave Chasing】, representing personal views only. Article delivery has delays and is for reference only—do not blindly operate! We hope everyone on the investment journey, regardless of market fluctuations, maintains their principles and stays rational and calm. #美联储利率决议 #比特币支撑阻力位分析 #Gate广场AI测评官 $BTC $ETH
