3.13 Bitcoin and Ethereum morning thoughts

The daily chart shows Bitcoin completing four consecutive positive candles, with price strongly breaking above previous highs in the early session. The Bollinger Bands are beginning to slowly widen, with coin price consistently trading below the upper band, showing an overall strong structure. From a technical indicators perspective, KDJ has turned upward again forming a golden cross, MACD dual lines continue diverging upward, volume has expanded slightly, and short-term bulls maintain the initiative.

However, it's worth noting that US stocks opened and closed lower last night, yet Bitcoin did not experience synchronized pullback, mainly driven by continued inflows from spot ETF funds, with market sentiment artificially supported.

Macro uncertainty still exists though, with Middle East situation and Iran conflicts remaining potential variables. As long as the situation continues to escalate, risk-averse sentiment among funds could intensify at any time, with the possibility of price pullback recurring at any moment. The technical picture leans bullish, but I won't chase blindly—surges still require maintaining caution.

Personal recommendations:
Bitcoin: Enter short at 71500-72300, target down to 70k, if not broken then reverse to long
Ethereum: Enter short at 2120-2150, target down to 2060, if not broken then reverse to long

$BTC $GT $ETH #Gate2月衍生品市场份额创新高 #Bitcoin Support and Resistance Level Analysis