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Tuesday, 3.10 Bitcoin and Ethereum Afternoon Analysis
The 4-hour chart shows that the latest candlestick is a full-bodied bullish candle, closing near the high, indicating strong upward momentum in the market. After Bitcoin found support at around 68,000, it has consecutively formed multiple bullish candles, creating a V-shaped reversal and breaking through the recent consolidation zone. The DIF line crosses above the DEA line to form a golden cross, and both the DIF and MACD histogram are rapidly diverging upward above the zero line. The MACD histogram continues to expand, indicating a clear bullish trend and accelerating upward momentum.
Bitcoin is expected to reach around 72,500 from the current level of 70,000.
Ethereum is expected to reach around 2,150 from the current level of 2,020.