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3.13 BTC and ETH Morning Analysis
Daily chart BTC has formed four consecutive bullish candles, with price breaking through previous highs this morning. Bollinger Bands are beginning to slowly expand, with coin price consistently trading below the upper band, showing an overall strong structure. From a technical indicator perspective, KDJ has turned upward again forming a golden cross, MACD dual lines continue diverging upward, volume has slightly expanded, and short-term bulls are in control.
However, it's worth noting that US stocks opened and closed lower last night, yet BTC did not show a synchronized pullback, mainly driven by continued inflows of spot ETF funds, with market sentiment being artificially supported.
Yet macro uncertainty remains, with Middle East tensions and Iran conflicts still being potential variables. As long as the situation continues to develop, risk-averse sentiment among funds could heat up at any time, and there's always the possibility of price pullbacks. Technically biased bullish, but Xiaozhugetui won't blindly chase rallies—pullbacks still require caution.
Personal Suggestions
BTC: Enter short at 71500-72300, target looking down at 7w, if not broken reversal to long
ETH: Enter short at 2120-2150, target looking down at 2060, if not broken reversal to long
$BTC $GT $ETH #Gate2月衍生品市场份额创新高 #Bitcoin Support and Resistance Level Analysis