Coin Market Wave: 3.20 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference This Evening, Information Interpretation

Coin Market Wave: 3.20 Bitcoin (BTC) Market Analysis Reference:
Following the analysis article released last night, Bitcoin retreated as expected to test the lower support level and rebounded slightly after stabilizing. Today the coin price touched 71300 at a high position and came under pressure again, with the market entering a range consolidation phase. As of press time, the coin price is trading around 70300. From a daily level perspective, Bitcoin's current price is above the Bollinger middle band but has already broken below the EMA short-term moving average, showing an overall weak oscillation pattern at high levels. In the MACD indicator, both DIF and DEA lines are still above the zero axis and have not yet formed a death cross, but the MACD histogram columns continue to narrow, indicating that bullish momentum has significantly weakened with signs of converting to bearish; In the KDJ indicator, the J value has entered the oversold zone, with K and D lines synchronously moving downward, requiring technical correction after short-term overshooting; the RSI three-line hovers around 45 without entering extreme zones and has already broken below the short-term moving average band. Below, MA30 (69000) constitutes weak support. If it fails to quickly recover the moving averages subsequently, it will further test the previous lows.
From a 4-hour level perspective, Bitcoin's current price is trading below the Bollinger middle band with the lower band 68400 providing support, overall in a downward oscillation channel from high positions. In the MACD indicator, DIF and DEA lines diverge below the zero axis with the histogram columns gradually narrowing and bearish momentum somewhat weakening; In the KDJ indicator, the J value turns upward with K and D lines synchronously rising, requiring technical rebound after short-term overshooting; the RSI three-line hovers around 40 without yet entering extreme oversold zones. Upside should focus on the Bollinger middle band 71900 resistance level. If the rebound cannot break through this area with volume increase, the 4-hour level will continue with downward oscillation, further testing the lower band support. Operationally, one can wait for subsequent rebounds to encounter resistance near the pressure level without volume, then trade short following the trend targeting the lower support zones. During operations, must strictly control position size and set stop losses rigorously, never chase rises or sell falls with heavy positions.
Coin Market Wave: 3.20 Bitcoin Short-term Reference:
Short position: 71500-72500 zone short, stop loss 500 points, target 70500-69500,
Long position: 68300-69300 zone long, stop loss 500 points, target 70000-71500,
Coin Market Wave: 3.20 Ethereum (ETH) Market Analysis Reference:
From the 4-hour level, Ethereum's current price is below the EMA7/15/20/30 moving averages with EMA120 providing weak support, the Bollinger middle band (2224) constituting strong pressure, MACD double lines diverging downward and crossing below the zero axis with bearish volume moderately contracting, KDJ rising slightly from low levels, RSI approaching oversold, overall in a weak consolidation phase from high positions with limited short-term recovery momentum. From the 2-hour level, price oscillates below the Bollinger middle band and above the lower band, MACD forming weak golden cross below the zero axis, KDJ trending upward from mid-level, RSI cautiously positioned, showing weak recovery momentum after overshooting but insufficient bullish force. Comprehensively, the 4-hour level bearish trend dominates, 2-hour level rebound height is limited. If unable to break through 2180 and 4-hour Bollinger middle band resistance with volume increase, will continue with downward oscillation, further testing 2105 or even 2060 previous lows. It is suggested that all traders implement risk control in advance.
Coin Market Wave: 3.20 Ethereum Short-term Reference:
Short position: 2175-2225 zone short, stop loss 30 points, target 2130-2080,
Long position: 2055-2105 zone long, stop loss 30 points, target 2145-2200,
This article content shared originally by 【Coin Market Wave】, represents personal views only. The article has transmission delays and is for reference only. Do not operate blindly! Hope that everyone on the investment journey, no matter how market conditions change, can adhere to their own principles and maintain rationality and composure. #加密行情震荡 #比特币支撑阻力位分析 $BTC $ETH