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

Coin Sea Chasing Waves: 3.21 Bitcoin (BTC) Market Analysis Reference:

Bitcoin's intraday price action maintains a narrow consolidation pattern. From the daily chart perspective, Bitcoin is currently oscillating around 70600, although pressured by 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, with volume bars continuously shrinking, indicating weakening bearish momentum. The KDJ indicator's three lines are diverging downward with the J value entering the oversold zone, suggesting short-term technical bounce and correction needs. The RSI indicator's three lines have retreated to the 50 neutral zone. Overall, bearish momentum on the daily level shows signs of diminishing but not completely exhausted. In the short term, the consolidation pattern is likely to continue.

From the short-cycle hourly chart perspective, on the 4-hour level, the Bollinger Bands show a convergence pattern with price oscillating around 70600. Price is positioned above the MA5 and MA10 moving averages but below the MA30, with short-term moving averages turning upward while medium-term moving averages still exerting downward pressure. The MACD has turned positive with DIF and DEA showing a potential golden cross below the zero axis, indicating weakening bearish momentum and gradually strengthening bullish force. The KDJ indicator's three lines are diverging upward, entering a neutral-to-bullish zone, while the RSI indicator's three lines are recovering toward 50, with market sentiment shifting from bearish to neutral. On the 1-hour level, price is holding above the Bollinger Bands midline and short-term moving averages. The MACD golden cross shows slight volume expansion and RSI maintains a bullish bias, indicating bulls dominate but haven't erupted yet. Comprehensively, indicators show short-term bounce correction needs, but the strength is limited, likely to resolve pullback pressure through time rather than space. Price is expected to oscillate and consolidate within the 69500-72000 range in the short term. Operation-wise, it's recommended to go short on rallies and long on dips within the range.

Coin Sea Chasing Waves: 3.21 Bitcoin Short-term Reference:
Short positions: 71500-72500 range short, stop loss 500 points, target 70500-69500
Long positions: 69000-70000 range long, stop loss 500 points, target 70500-71500

Coin Sea Chasing Waves: 3.21 Ethereum Short-term Reference:
Short positions: 2170-2220 range short, stop loss 30 points, target 2160-2120
Long positions: 2000-2130 range long, stop loss 30 points, target 2150-2200

This article is originally shared by 【Coin Sea Chasing Waves】, representing only personal views. There is transmission delay, for reference only, do not operate blindly! Hope everyone on the investment journey, regardless of how the market changes, can stick to their principles, maintain rationality and composure. Deeply understand the characteristics, risks, and return mechanisms of investment products, don't let short-term market fluctuations affect emotions. Wishing friends and followers to have keen insight on the investment journey, seize opportunities, make decisions with perfect timing, ride the waves in the investment ocean, and harvest wealth and growth!!!#加密行情震荡 #比特币支撑阻力位分析 #美联储维持利率不变 $BTC $ETH