Crypto Wave Chasing: 3.14 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference for Tonight, Information Interpretation

Crypto Wave Chasing: 3.14 Bitcoin (BTC) Market Analysis Reference:

Shortly after the article analysis was released last night, Bitcoin staged an upward rally, with the coin price relying on short-term support levels to move higher. After touching a daily high near 73,900, it faced renewed pressure and declined. In the early morning, it pulled back directly to near the previous low point. As of now, the coin price is operating narrowly around the 70,700 level, with intraday action entering a consolidation pattern. Observing from the daily chart, Bitcoin's recent price continues to run between the Bollinger Band midline and upper band, with the market attempting multiple breakouts higher only to face selling pressure and decline. The daily K-line has consecutively formed long upper wicks, indicating obvious selling pressure above. However, the KDJ three-line shows bullish alignment above the 50 level, and the RSI indicator is in a moderate bullish zone, suggesting that mid-term bullish momentum remains dominant. The MACD histogram continues to shrink and bearish momentum is weakening, with signs of upward inflection. The overall mid-term trend remains optimistic, with short-term pullbacks being more of a consolidation phase within the uptrend. There remains potential for further upside probes. Going forward, focus on the Bollinger Band upper band resistance at 72,820.

Observing from short-period hourly charts, looking at the 4-hour and 1-hour cycles, after the price surged to the 73,913 level, it simultaneously entered the pullback phase. In the 4-hour chart, the Bollinger Band upper band is flattening, the KDJ three-line is diverging downward with the J-line entering the oversold zone, MACD has formed a bearish crossover with expanding histogram, and RSI has departed the bullish zone, indicating significant mid-term pullback pressure. In the 1-hour chart, price is running between the Bollinger Band midline and lower band, with the band narrowing downward, KDJ three-line clustering at low levels, MACD histogram slightly shortening but still biased bearish, and RSI maintaining a weak zone below the 50 level, indicating insufficient short-term rebound momentum. Overall, the market shows a weak consolidation pattern. Below, focus on the 4-hour Bollinger Band lower band support at 69,200 and the 1-hour lower band support at 70,395. Given it's the weekend, I won't elaborate further. Short-term market is expected to consolidate in a weak manner. Evening operations can trade short at resistance and long at support within the range.

Crypto Wave Chasing: 3.14 Bitcoin Short-term Reference:
Short: 71,500-72,500 range, stop loss 500 points, target 71,500-70,500
Long: 69,200-70,200 range, stop loss 500 points, target 70,500-71,500

Crypto Wave Chasing: 3.14 Ethereum Short-term Reference:
Short: 2,100-2,150 range, stop loss 30 points, target 2,080-2,030
Long: 1,990-2,020 range, stop loss 30 points, target 2,080-2,150

This content is originally shared by [Crypto Wave Chasing], representing personal views only. The article has transmission delays and is for reference only. Do not trade blindly! I hope everyone on the investment journey, regardless of how the market changes, can stick to their principles and maintain rationality and composure. #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