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3.24 Latest BTC.ETH Market Analysis:
Building momentum, time to position!
Yesterday's market movement materialized as expected. After launching from around 67500, it reached a high of 71800, with ample upside space for bulls exhausted. Currently on the daily timeframe, it has returned to the wedge oscillation range and held steady above the MA30 moving average. The pattern is highly similar to the sharp pullback after last Monday's false breakout, showing short-term structure is bullish. Evening high-level oscillation failed to break the 70k key support level, with bull momentum not effectively consumed. The 4-hour MACD has formed a golden cross and turned upward, with volume support healthy. As long as the 69000 watershed is held, the bullish trend remains intact.
Intraday operations focus on pullback buying
BTC 69500-70500 dip buying, targeting 72500↑74500;
ETH 2090-2120 dip buying, targeting 2220↑2310.
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