Coin Wave Chasing: 3.24 Bitcoin (BTC) Market Analysis Reference: Yesterday evening, Bitcoin experienced a strong rebound rally, with prices exploring upward toward the 71800 level, then experiencing pullback due to selling pressure from above. As of press time, the coin price is oscillating around 71000. Observing from the daily chart, Bitcoin price has broken through the Bollinger middle band and reclaimed the EMA short-term moving average, with the Bollinger middle band and short-term moving average basically aligned, providing certain support. From an indicator perspective, the KDJ indicator's J value has turned upward from the oversold zone, forming an incipient golden cross with K and D values, with short-term rebound momentum accumulating somewhat; the MACD indicator's DIF line and DEA line are approaching a dead cross, but volume bars are short and haven't significantly expanded, with bullish momentum only slightly declining, not yet forming a clear bearish trend; the RSI indicator maintains in the 50-55 neutral-to-bullish zone. Overall, rebound signals are initially appearing, and if it can continue to firmly hold the short-term moving average and drive an MACD golden cross, it is expected to restart an upward challenge to previous highs. Observing from the short-cycle hourly chart, at the 4-hour level the current price has strongly broken above all short-term moving averages including EMA7, EMA15, and EMA20, with short-term moving averages turning upward to form a bullish alignment, while the medium-term EMA30 and long-term EMA120 are gradually being reclaimed by price, with short-term trend clearly strengthening; regarding Bollinger Bands, price is breaking upward from the lower band toward the middle band, with the upper band beginning to open upward, rebound momentum gradually releasing, and the fluctuation range expected to expand. From an indicator perspective, the KDJ indicator's 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's DIF line has crossed above the DEA line forming a golden cross, with volume bars turning from negative to positive and continuously expanding, confirming bearish momentum exhaustion and bullish momentum beginning to dominate; the RSI indicator has recovered from low levels to around 75 in the bullish zone, with bullish sentiment gradually warming. Overall, the 4-hour level has formed a clear rebound structure with bullish momentum occupying the advantage, likely continuing the upward trajectory thereafter: if it can remain stable on current moving average support and break through the Bollinger upper band with volume, it will further challenge the upper resistance zone; however, a short-term pullback is expected first for accumulation, so attention should be paid to the support situation of EMA20 and Bollinger middle band (69500), and on operations it's suggested to maintain pullback lows for long entries. Coin Wave Chasing: 3.24 Bitcoin Short-term Reference: Long positions: 68500-69500 zone long, stop loss 500 points, target 70500-71500, Short positions: 71500-72500 zone short, stop loss 500 points, target 70500-69500, Coin Wave Chasing: 3.24 Ethereum Short-term Reference: Short positions: 2190-2220 zone short, stop loss 30 points, target 2150-2000, Long positions: 2090-2120 zone long, stop loss 30 points, target 2140-2200, This article content is originally shared by 【Coin Wave Chasing】, representing personal views only. The article has transmission delays and is for reference only, do not blindly operate! Hope everyone on the investment journey, no matter how the market changes, can adhere to your own principles and maintain rationality and composure.#加密行情震荡 #比特币挖矿难度下调7.76% $BTC $ETH
Coin Wave Chasing: 3.24 Bitcoin (BTC), Ethereum (ETH) Today's Latest Market Analysis Reference, News Interpretation
Coin Wave Chasing: 3.24 Bitcoin (BTC) Market Analysis Reference:
Yesterday evening, Bitcoin experienced a strong rebound rally, with prices exploring upward toward the 71800 level, then experiencing pullback due to selling pressure from above. As of press time, the coin price is oscillating around 71000. Observing from the daily chart, Bitcoin price has broken through the Bollinger middle band and reclaimed the EMA short-term moving average, with the Bollinger middle band and short-term moving average basically aligned, providing certain support. From an indicator perspective, the KDJ indicator's J value has turned upward from the oversold zone, forming an incipient golden cross with K and D values, with short-term rebound momentum accumulating somewhat; the MACD indicator's DIF line and DEA line are approaching a dead cross, but volume bars are short and haven't significantly expanded, with bullish momentum only slightly declining, not yet forming a clear bearish trend; the RSI indicator maintains in the 50-55 neutral-to-bullish zone. Overall, rebound signals are initially appearing, and if it can continue to firmly hold the short-term moving average and drive an MACD golden cross, it is expected to restart an upward challenge to previous highs.
Observing from the short-cycle hourly chart, at the 4-hour level the current price has strongly broken above all short-term moving averages including EMA7, EMA15, and EMA20, with short-term moving averages turning upward to form a bullish alignment, while the medium-term EMA30 and long-term EMA120 are gradually being reclaimed by price, with short-term trend clearly strengthening; regarding Bollinger Bands, price is breaking upward from the lower band toward the middle band, with the upper band beginning to open upward, rebound momentum gradually releasing, and the fluctuation range expected to expand. From an indicator perspective, the KDJ indicator's 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's DIF line has crossed above the DEA line forming a golden cross, with volume bars turning from negative to positive and continuously expanding, confirming bearish momentum exhaustion and bullish momentum beginning to dominate; the RSI indicator has recovered from low levels to around 75 in the bullish zone, with bullish sentiment gradually warming. Overall, the 4-hour level has formed a clear rebound structure with bullish momentum occupying the advantage, likely continuing the upward trajectory thereafter: if it can remain stable on current moving average support and break through the Bollinger upper band with volume, it will further challenge the upper resistance zone; however, a short-term pullback is expected first for accumulation, so attention should be paid to the support situation of EMA20 and Bollinger middle band (69500), and on operations it's suggested to maintain pullback lows for long entries.
Coin Wave Chasing: 3.24 Bitcoin Short-term Reference:
Long positions: 68500-69500 zone long, stop loss 500 points, target 70500-71500,
Short positions: 71500-72500 zone short, stop loss 500 points, target 70500-69500,
Coin Wave Chasing: 3.24 Ethereum Short-term Reference:
Short positions: 2190-2220 zone short, stop loss 30 points, target 2150-2000,
Long positions: 2090-2120 zone long, stop loss 30 points, target 2140-2200,
This article content is originally shared by 【Coin Wave Chasing】, representing personal views only. The article has transmission delays and is for reference only, do not blindly operate! Hope everyone on the investment journey, no matter how the market changes, can adhere to your own principles and maintain rationality and composure.#加密行情震荡 #比特币挖矿难度下调7.76% $BTC $ETH