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

Crypto Wave Riding: 3.22 Bitcoin (BTC) Market Analysis Reference:
This morning, Bitcoin's short-term price dropped rapidly and rebounded after hitting the 68200 level. As of press time, the coin price is oscillating at 68400. From the daily chart perspective, after the K-line closed negative and adjusted, the current price has fallen below the short-term moving average. The 7-day, 15-day, and 20-day EMA are all turning downward, with the moving average system showing a short-term weakness trend. The KDJ indicator's three lines are diverging downward simultaneously, with the J value entering the oversold zone without showing any reversal signs yet, indicating that bearish forces still dominate. In the MACD indicator, DIF is crossing below DEA with a death cross emerging, volume bars are gradually shrinking and turning negative, and momentum is continuously weakening, with bullish energy further declining. The RSI indicator's three lines have all fallen below 50, confirming the short-term bearish dominant pattern. Only the Bollinger Band lower rail and previous support levels at the 66000-67000 zone provide limited support. The subsequent trend is likely to continue declining.
From the short-cycle hourly chart observation, the current BTC 4-hour chart shows that prices have broken through all short-term EMA lines (7/15/20) and mid-term EMA30, long-term EMA120, with the moving average system in bearish alignment, Bollinger Bands opening downward, prices clinging to the lower rail, and a clear bearish trend. The KDJ three lines are diverging downward with the J value approaching the oversold zone, MACD has formed a death cross with volume bars continuously expanding, and RSI three lines have all fallen below 40, indicating extremely weak market sentiment and weak short-term rebound momentum. For subsequent trends, prices are likely to continue declining. If support at the recent low of 68200 is breached, it will further test the 66000-67000 support zone. If prices stabilize temporarily and rebound, the 70000-70500 zone above will face dual pressure from EMA30 and the Bollinger Band midline, with extremely difficult breakthrough potential. Overall, the trend remains primarily bearish oscillating downward, requiring vigilance against risks of further testing mid-term support levels.
Crypto Wave Riding: 3.22 Bitcoin Short-term Reference:
Short positions: 69500-70500 zone short, stop loss 500 points, target 68500-67500
Long positions: 66500-67500 zone long, stop loss 500 points, target 68500-69500
Crypto Wave Riding: 3.21 Ethereum Short-term Reference:
Short positions: 2130-2180 zone short, stop loss 30 points, target 2080-2020
Long positions: 1995-2025 zone long, stop loss 30 points, target 2070-2150
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