Crypto Wave Chasing: 3.21 Crypto Circle Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference for Tonight, Information Interpretation

Crypto Wave Chasing: 3.21 Bitcoin (BTC) Market Analysis Reference:
Bitcoin's intraday price action maintains a narrow consolidation pattern overall. From the daily chart perspective, Bitcoin is currently oscillating around 70,600, although it faces pressure from the MA5 and MA10 short-term moving averages, it remains above the MA30 medium-term moving average. The MACD indicator's DIF and DEA are still above the zero axis, the volume bars continue to shrink, bearish momentum is weakening, and the KDJ indicator's three lines are diverging downward with the J value already entering the oversold zone. There is a technical rebound correction need in the short term. The RSI indicator's three lines have fallen back to the neutral 50 level. Overall, bearish momentum on the daily level has weakened but not completely exhausted, with the expected short-term consolidation pattern likely to continue.
From the short-cycle hourly chart perspective, on the 4-hour level, the Bollinger Bands show a narrowing pattern, with the current price oscillating around 70,600. The price is above the MA5 and MA10 moving averages but below the MA30 moving average. The short-term moving averages have turned upward, while the medium-term moving average still exerts pressure on price. The MACD has turned positive with the DIF and DEA indicators showing a hidden golden cross below the zero axis, bearish momentum is weakening, and bullish forces are gradually building. The KDJ indicator's three lines are diverging upward, entering a neutral-to-bullish zone. The RSI indicator's three lines have recovered to around the 50 level, with market sentiment shifting from bearish to neutral. On the 1-hour level, price is holding above the Bollinger Band midline and short-term moving averages. The MACD golden cross shows modest volume expansion, and RSI maintains a bullish bias, with bulls in advantage but not yet exploding. Comprehensively analyzed, the indicators show a need for short-term rebound correction, but with limited strength. It will likely digest pullback pressure through time rather than space. The anticipated short-term price will consolidate within the 69,500-72,000 range, with operational recommendations to short at high levels and go long at low levels within the range.
Crypto Wave Chasing: 3.21 Bitcoin Short-term Reference:
Short Entry: 71,500-72,500 range, stop loss 500 points, target 70,500-69,500
Long Entry: 69,000-70,000 range, stop loss 500 points, target 70,500-71,500
Crypto Wave Chasing: 3.21 Ethereum Short-term Reference:
Short Entry: 2,170-2,220 range, stop loss 30 points, target 2,160-2,120
Long Entry: 2,000-2,130 range, stop loss 30 points, target 2,150-2,200
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