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3.20 Friday BTC.ETH Latest Analysis
From the 4-hour chart perspective, BTC probed lower yesterday and touched the wedge downtrend support, quickly stabilizing and bouncing back, which confirms that the buying support in this area is solid. The short term has returned to a range-bound fluctuation pattern. The current trend is highly consistent with the previous support rebound pattern. The MACD indicator simultaneously shows signals of bearish volume contraction and weakening momentum, with downside energy gradually fading. Today's market welcomes a warming opportunity, having successfully reclaimed the MA120 moving average, with a clear bullish consolidation trend. The short line still has room to expand upward. Intraday operations are mainly focused on pullback lows buying.
BTC: 69500-70500 support, ↑73500, 75000;
ETH: 2090-2120 support, up 2190, 2260.
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