Coin Wave Chasing: 3.17 Bitcoin (BTC) Market Analysis Reference:

Bitcoin has recently continued its oscillating upward trend, with pullback corrections during the period but no change to the upward trajectory. Early this morning, the price surged strongly and broke through recent highs, rising all the way to the 76000 line before facing pressure and pulling back. Currently, the price is consolidating around 74000. From the daily chart perspective, BTC price formed a bearish candle after surging to around 76000. The current price still trades above the MA5, MA10, and MA30 moving averages, with mid-term moving averages in bullish alignment and overall trend showing strength. However, the J value in the KDJ indicator has entered the overbought zone and turned downward, while the RSI is also at high levels, indicating short-term bullish momentum is somewhat exhausted. Although MACD maintains positive columns with DIF above DEA, the volume column is shorter than the previous one, suggesting upward momentum is weakening. Meanwhile, the price has pulled back after touching the upper Bollinger Band rail, further confirming short-term pullback pressure exists. However, the mid-term uptrend on the daily chart has not been broken, and the price is likely entering a consolidation and pullback phase at higher levels. After indicators complete repairs, there remains the possibility of another surge.

From short-period hourly charts, looking at the 4-hour level, the price has dropped consecutively with bearish candles after touching highs. The current price trades above the middle Bollinger Band rail, with mid-term still maintaining strength relying on moving average support. The J value in the KDJ indicator has rapidly fallen from the overbought zone forming a bearish crossover divergence, with RSI also declining correspondingly. On the MACD side, DIF and DEA still maintain a bullish cross but volume columns continue to shorten, showing short-term bullish momentum has declined somewhat. Looking at the 1-hour level, the current price trades near the middle Bollinger Band rail, with technical indicators showing that short-term selling pressure has been somewhat released, with oversold rebound demand existing. If the lower Bollinger Band (73350) and the 73000 key support can be held subsequently, rebounds are expected after indicator repairs. Therefore, evening operation suggestions recommend positioning with the strategy of buying dips at lower levels.

Coin Wave Chasing: 3.17 Bitcoin Short-term Reference:
Short Orders: 75500-76500 zone short, stop loss 500 points, target 74500-73500
Long Orders: 72500-73500 zone long, stop loss 500 points, target 74000-75000

Coin Wave Chasing: 3.17 Ethereum Short-term Reference:
Short Orders: 2385-2425 zone short, stop loss 30 points, target 2350-2285
Long Orders: 2245-2285 zone long, stop loss 30 points, target 2315-2385

This article content is originally shared by 【Coin Wave Chasing】, representing personal views only. Article transmission has delays and is for reference only. Please do not operate blindly! Wishing everyone on the investment path that no matter how the market changes, you can stick to your principles, maintain rationality and composure.#比特币站上7.5万美元 #加密市场上涨 $BTC ‌$ETH