Crypto Waves Riding: 3.22 Cryptocurrency Circle Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Tonight, Information Interpretation

Crypto Waves Riding: 3.22 Bitcoin (BTC) Market Analysis Reference:
This morning, Bitcoin's short-term price dropped rapidly and rebounded after hitting support near the 68200 level. As of press time, the coin price was fluctuating around 68400. From the daily chart perspective, after the K-line closed with a bearish adjustment, the current price has dropped below the short-term moving averages, with the 7-day, 15-day, and 20-day EMAs all turning downward, showing a short-term weakening trend in the moving average system. The KDJ indicator's three lines are synchronized downward divergence, with the J value entering the oversold zone without showing signs of reversal yet, with bearish momentum still dominating. In the MACD indicator, DIF breaks below DEA showing a death cross signal, with volume bars gradually shrinking and turning negative, indicating continued weakening momentum and further decline in bullish energy. The RSI's three lines have all fallen below 50, confirming short-term bearish dominance, with only the Bollinger Band lower track and previous lows in the 66000-67000 zone providing limited support. It is expected that the subsequent trend will likely continue to pull back.
Observing from the short-cycle hourly chart, on the current BTC 4-hour chart, the price has broken through all short-term EMA lines (7/15/20) and medium-term EMA30 and long-term EMA120, with the moving average system in bearish alignment. Bollinger Bands open downward with price hugging the lower track, showing a clear bearish trend. The KDJ three lines are diverging downward with J value close to the oversold zone. After the MACD death cross, volume bars continue to expand. RSI's three lines have all fallen below 40, showing extremely weak market sentiment with weak short-term rebound momentum. For subsequent trends, the price will likely continue to pull back. If the recent low of 68200 is broken, it will further explore the 66000-67000 support zone. If there is a brief stabilization and rebound, the 70000-70500 zone above will be subject to double pressure from EMA30 and the Bollinger middle track, making a breakthrough extremely difficult. Overall, the trend remains mainly bearish oscillation downward, and one must be vigilant of the risk of further exploration of medium-term support.
Crypto Waves Riding: 3.22 Bitcoin Short-term Reference:
Short orders: 69500-70500 zone short, stop loss 500 points, target 68500-67500
Long orders: 66500-67500 zone long, stop loss 500 points, target 68500-69500
Crypto Waves Riding: 3.21 Ethereum Short-term Reference:
Short orders: 2130-2180 zone short, stop loss 30 points, target 2080-2020
Long orders: 1995-2025 zone long, stop loss 30 points, target 2070-2150
This content is originally shared by [Crypto Waves Riding], representing only personal views. The article is sent with delays and is for reference only. Do not blindly operate! I hope all followers, no matter how the market changes, can stick to their own principles, maintain rationality and calm. Deeply understand the characteristics, risks, and return mechanisms of investment products, and don't let emotions be swayed by short-term market fluctuations. Wishing all follower friends on their investment journey to have keen insight, seize opportunities, make every decision just right, and ride the waves in the ocean of investment to gain wealth and growth!!!#加密行情震荡 #比特币支撑阻力位分析 $BTC $ETH