Coin Wave Chasing: 3.22 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Today Evening, Information Interpretation

Coin Wave Chasing: 3.22 Bitcoin (BTC) Market Analysis Reference:
Bitcoin experienced a sharp intraday decline and pullback this morning, with the low touching near the 68200 level before rebounding. As of writing, the price is oscillating around 68400. From the daily chart perspective, after the K-line closed bearish and adjusted, the current price has fallen below the short-term moving averages. The 7-day, 15-day, and 20-day EMAs have all turned downward, showing a short-term weakening trend. The KDJ indicator shows three lines diverging downward synchronously, with the J value entering the oversold zone without showing signs of reversal, with bearish momentum still dominant. In the MACD indicator, DIF has crossed below DEA forming a death cross, volume bars are gradually shrinking and turning negative, with continuous weakening momentum and further decline in bullish energy. The three RSI lines have all fallen below 50, confirming short-term bearish domination. Only the Bollinger lower band and previous lows in the 66000-67000 zone provide limited support. Subsequent movements are likely to continue the pullback.
Observing the short-cycle 4-hour chart, BTC has broken through all short-term EMA lines (7/15/20) and medium-term EMA30, long-term EMA120, with the moving average system in bearish arrangement. Bollinger bands open downward, with price hugging the lower band, and the bearish trend is clear. KDJ three lines diverge downward with J value approaching the oversold zone. After the MACD death cross, volume bars continue to expand. RSI three lines have all fallen below 40, with market sentiment extremely weak and short-term rebound momentum feeble. In subsequent movements, prices are likely to continue pullback. If the recent low of 68200 is broken, it will further explore the 66000-67000 support zone. If it temporarily stabilizes and rebounds, the 70000-70500 zone above will face double pressure from EMA30 and Bollinger middle band, with extremely difficult breakthrough. Overall, it remains mainly biased bearish oscillation downward, with need to be alert to further exploration of medium-term support risks.
Coin Wave Chasing: 3.22 Bitcoin Short-term Reference:
Short: 69500-70500 zone short, stop loss 500 points, target 68500-67500
Long: 66500-67500 zone long, stop loss 500 points, target 68500-69500
Coin Wave Chasing: 3.21 Ethereum Short-term Reference:
Short: 2130-2180 zone short, stop loss 30 points, target 2080-2020
Long: 1995-2025 zone long, stop loss 30 points, target 2070-2150
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