Coin Sea Chasing Waves: 3.21 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Tonight, Information Interpretation

Coin Sea Chasing Waves: 3.21 Bitcoin (BTC) Market Analysis Reference:
Bitcoin's intraday market maintains narrow-range oscillation consolidation overall. From the daily chart perspective, Bitcoin's current price oscillates around 70600, although under pressure from MA5 and MA10 short-term moving averages, it still stands firmly above the MA30 medium-term moving average. The MACD indicator's DIF and DEA remain above the zero axis, with volume bars continuously shortening, bearish momentum weakening. The KDJ indicator's three lines diverge downward, with the J value already entering the oversold zone. In the short term, there is a technical rebound correction need. The RSI indicator's three lines have all pulled back to the 50 neutral zone. Overall, the daily-level bearish momentum has somewhat weakened but not completely exhausted. It is expected that the short-term oscillation pattern will likely continue.
From the short-cycle hourly chart perspective, on the 4-hour level, the Bollinger Bands show a convergence pattern, with current price oscillating around 70600, price positioned above MA5 and MA10 moving averages but below the MA30 moving average. Short-term moving averages are turning upward, while medium-term moving averages still exert pressure on price. MACD has turned from negative to positive, with indicator DIF and DEA showing a faint golden cross below the zero axis, bearish momentum is weakening, and bullish momentum is beginning to build gradually. The KDJ indicator's three lines diverge upward, entering a neutral-to-bullish zone. The RSI indicator's three lines are rising back to around 50, with market sentiment shifting from bearish to neutral. On the 1-hour level, price holds firmly at the Bollinger Bands midline and short-term moving average, MACD golden cross with slight volume expansion, RSI maintains a bullish zone, with bulls in advantage but not yet erupting. Comprehensively speaking, indicators show short-term rebound correction need, but with limited strength, likely to digest pullback pressure through time-for-space method. It is expected that short-term price will oscillate and consolidate in the 69500-72000 range. Operationally, it is recommended to go short on rebounds and long on dips within the range.
Coin Sea Chasing Waves: 3.21 Bitcoin Short-term Reference:
Short positions: Short in 71500-72500 range, stop loss 500 points, target 70500-69500
Long positions: Long in 69000-70000 range, stop loss 500 points, target 70500-71500
Coin Sea Chasing Waves: 3.21 Ethereum Short-term Reference:
Short positions: Short in 2170-2220 range, stop loss 30 points, target 2160-2120
Long positions: Long in 2000-2130 range, stop loss 30 points, target 2150-2200
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