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March 9th, Bitcoin and Ethereum Market Analysis
On the hourly chart, Bitcoin dipped to around 65,500 before bouncing back. Technically, the relative strength index has regained above the EMA moving averages, the MACD indicator is above the zero line, and a golden cross has just appeared.
Next, let's look at Ethereum. After falling back to around 1,906, it also launched a rebound, briefly breaking through the 2,000 level before retreating again. The battle between bulls and bears is intense. On the technical side, the EMA on the weekly chart has crossed above the monthly chart, indicating a potential short-term upward move.
Bitcoin can move northward around 66,500-65,500, with targets of 68,000-69,000.
Ethereum can move northward around 1,960-1,930, with targets of 2,120-2,080.
$BTC $ETH