Coin Sea Chasing Waves: 3.24 Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Today, Information Interpretation

Coin Sea Chasing Waves: 3.24 Bitcoin (BTC) Market Analysis Reference:

Last night, Bitcoin experienced a strong rebound surge, with price exploring upward to around 71800, subsequently pulling back due to selling pressure from above. As of publication, the coin price is oscillating around 71000. Observing from the daily chart, Bitcoin price has broken through the Bollinger Band midline and reclaimed the EMA short-term moving average, with the Bollinger Band midline and short-term moving average basically coinciding to provide certain support. From the indicator perspective, the KDJ indicator J value has turned upward from the oversold zone, forming the embryo of a golden cross with K and D values; short-term rebound momentum has accumulated somewhat; the MACD indicator DIF line and DEA line are converging close to a death cross, but the volume column is short and has not significantly expanded, with bullish momentum only slightly dampened, not yet forming a clear bearish trend; the RSI indicator remains in the 50-55 neutral bullish zone. Overall, rebound signals are initially emerging, and if it can continue to hold steady above the short-term moving average and drive a MACD golden cross, it is expected to restart an upward challenge to previous highs.

Observing from the short-cycle hourly chart, the 4-hour level price has forcefully held above all short-term moving averages including EMA7, EMA15, EMA20, and the short-term moving averages have turned upward forming a bullish alignment, with intermediate EMA30 and long-term EMA120 also gradually recovered by price, the short-term trend is clearly strengthening; regarding the Bollinger Band, price is breaking through the midline from the lower rail upward, the upper rail is beginning to open upward, rebound momentum is gradually releasing, the fluctuation range is expected to expand. From the indicator perspective, the KDJ indicator J value has rapidly risen from the oversold zone to around 90, forming a clear golden cross with K and D values, short-term rebound momentum is abundant; the MACD indicator DIF line has crossed above the DEA line forming a golden cross, volume columns have turned from negative to positive and continue to expand, confirming bearish momentum exhaustion and bullish momentum beginning to dominate; the RSI indicator has rebounded from low levels to around 75 in the bullish zone, bullish sentiment is gradually warming. Synthetically, the 4-hour level has formed a clear rebound structure with bullish potential dominating, likely to continue an upward trend thereafter: if it can hold steady above current moving average support and break through the Bollinger upper rail with volume expansion, it will further challenge the resistance zone above; however, it is expected that the short term will first pull back for accumulation, so attention should be paid to the EMA20 and Bollinger midline (69500) support situation. Operationally, it is suggested to maintain long positions on pullbacks to low levels.

Coin Sea Chasing Waves: 3.24 Bitcoin Short-term Reference:
Long positions: 68500-69500 zone long, stop loss 500 points, target 70500-71500
Short positions: 71500-72500 zone short, stop loss 500 points, target 70500-69500

Coin Sea Chasing Waves: 3.24 Ethereum Short-term Reference:
Short positions: 2190-2220 zone short, stop loss 30 points, target 2150-2000
Long positions: 2090-2120 zone long, stop loss 30 points, target 2140-2200

This content is originally shared by [Coin Sea Chasing Waves], representing personal views only. The article is sent with delay, for reference only, do not operate blindly! Hope everyone on the investment journey, no matter how the market changes, can adhere to their own principles, maintain rationality and composure. #加密行情震荡 #比特币挖矿难度下调7.76% $BTC $ETH