Coin Sea Chasing Waves: 3.14 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Tonight, Information Interpretation

Coin Sea Chasing Waves: 3.14 Bitcoin (BTC) Market Analysis Reference:
Shortly after the article analysis was released last night, Bitcoin launched a wave of upward movement, with the coin price rising along the short-term support level, touching a daily high of 73900 before coming under pressure and pulling back. In the early morning, it directly retreated to near the previous low point. As of now, the coin price is running narrowly around 70700, and the intraday market has entered a consolidation phase. Observing from the daily chart, Bitcoin's recent price continues to trade between the Bollinger Band mid-line and upper band, with the market attempting to surge higher multiple times but facing selling pressure and pulling back each time. Daily K-lines show consecutive long upper shadows, indicating obvious selling pressure from above. However, the KDJ three-line is in bullish alignment above 50, and the RSI indicator is in a moderate bullish zone, showing that mid-term bullish strength still dominates. The MACD green histogram continues to shrink with weakening bearish momentum and signs of turning upward. Overall, the mid-term trend remains optimistic, and short-term pullbacks are mainly consolidation within the uptrend, with potential for further upside attempts later. Attention should focus on the Bollinger Band upper band resistance at 72820.
Observing from short-period hourly charts, looking at the 4-hour and 1-hour cycles, the price entered a pullback phase after surging to 73913. In the 4-hour chart, the Bollinger Band upper band is flat, KDJ three-line is diverging downward with J-line entering oversold territory, MACD forming a death cross with enlarged green histogram, and RSI departing from the bullish zone, indicating significant mid-term pullback pressure. In the 1-hour chart, price is trading between the Bollinger Band mid-line and lower band, with the band contracting downward, KDJ three-line sticking together at low levels, MACD green histogram slightly smaller but still bearish-leaning, and RSI maintaining in the weak zone below 50, suggesting insufficient short-term rebound momentum. Overall presenting a weakly oscillating pattern. Attention should focus on the 4-hour Bollinger Band lower band support at 69200 and 1-hour lower band support at 70395. Given it's the weekend, there's no need to elaborate further. Short-term market is expected to be mainly weak oscillation consolidation. Evening operations can be high short and low long within the range.
Coin Sea Chasing Waves: 3.14 Bitcoin Short-term Reference:
Short positions: Short in the 71500-72500 range, stop loss 500 points, target 71500-70500
Long positions: Long in the 69200-70200 range, stop loss 500 points, target 70500-71500
Coin Sea Chasing Waves: 3.14 Ethereum Short-term Reference:
Short positions: Short in the 2100-2150 range, stop loss 30 points, target 2080-2030
Long positions: Long in the 1990-2020 range, stop loss 30 points, target 2080-2150
This article content is original sharing by【Coin Sea Chasing Waves】, representing personal views only. The article is sent with delay and is for reference only. Do not operate blindly! Hope everyone on the investment journey, no matter how the market changes, can stick to their principles and maintain rationality and composure. #加密市场上涨 #比特币站上七万美元 #伊朗明确达成停火协议要求 $BTC $ETH