Crypto Wave Chasing: 3.24 Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Information Interpretation Today

Crypto Wave Chasing: 3.24 Bitcoin (BTC) Market Analysis Reference:

Yesterday evening, Bitcoin experienced a strong rebound rally, with the price probing up to around the 71800 level, then pulling back due to selling pressure from above. As of press time, the coin price is oscillating around 71000. From the daily chart perspective, Bitcoin price has broken through the Bollinger middle band and re-established above the EMA short-term moving average, with the Bollinger middle band basically coinciding with the short-term moving average, providing certain support. On the indicator level, the KDJ indicator J value has turned upward from the oversold zone, forming a golden cross pattern with K and D values, and short-term rebound momentum has accumulated somewhat; the MACD indicator DIF line is approaching convergence with the DEA line near a death cross, but the volume column is relatively short and hasn't enlarged significantly, with bullish momentum only slightly weakening and no clear bearish trend formed yet; the RSI indicator maintains in the 50-55 neutral-to-bullish range. Overall, initial rebound signals are appearing, and if it can continue to establish support above the short-term moving average and drive a MACD golden cross, it is expected to restart an upward challenge to previous highs.

From the short-period 4-hour chart perspective, the current price has strongly established above all short-term moving averages including EMA7, EMA15, and EMA20, with short-term moving averages turning upward forming a bullish alignment, and mid-term EMA30 and long-term EMA120 also being gradually recovered by price, showing a clearly strengthening short-term trend; regarding the Bollinger Band, price is breaking upward from the lower band toward the middle band, with the upper band starting to open upward, rebound momentum gradually releasing, and the volatility range expected to expand. On the indicator level, the KDJ indicator J value has rapidly risen from the oversold zone to around 90, forming a clear golden cross with K and D values, with abundant short-term rebound momentum; the MACD indicator DIF line has crossed above the DEA line forming a golden cross, with volume columns turning from negative to positive and continuing to enlarge, confirming bearish momentum exhaustion and bullish momentum beginning to dominate; the RSI indicator has rebounded from low levels to around 75 in the bullish zone, with bullish sentiment gradually warming up. Comprehensively, a clear rebound structure has formed at the 4-hour level with bullish momentum in advantage, likely to continue an upward trend subsequently: if it can establish support above the current moving average and break through the Bollinger upper band with volume, it will further challenge the resistance zone above; however, it is expected that short-term will first pull back for momentum accumulation, so attention should be paid to the support of EMA20 and Bollinger middle band (69500), operationally it is suggested to maintain going long at pullback lows.

Crypto Wave Chasing: 3.24 Bitcoin Short-term Reference:
Long position: 68500-69500 zone, stop loss 500 points, target 70500-71500
Short position: 71500-72500 zone, stop loss 500 points, target 70500-69500

Crypto Wave Chasing: 3.24 Ethereum Short-term Reference:
Short position: 2190-2220 zone, stop loss 30 points, target 2150-2000
Long position: 2090-2120 zone, stop loss 30 points, target 2140-2200

This article content is originally shared by 【Crypto Wave Chasing】, representing only personal views. The article is sent with delay and is for reference only, do not blindly operate! Wishing everyone on the investment path to hold firm to their own principles regardless of market fluctuations, and maintain rationality and composure. #加密行情震荡 #比特币挖矿难度下调7.76% $BTC $ETH