Crypto Wave Chasing: 3.12 Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference Today, Information Interpretation

Crypto Wave Chasing: 3.12 Bitcoin (BTC) Market Analysis Reference:
Bitcoin pulled back to test lower support last night and stabilized with a rebound. It surged and spiked to the 71300 level before facing pressure and declining again. The market has entered a range consolidation phase. As of press time, the coin price is trading around 70000. From the BTC daily chart perspective, it is currently running between the BOLL middle band and upper band, with upper band resistance still in effect. In the short term, the EMA moving averages are flattening and tilting upward with price holding above them. Although the long-term EMA remains declining and the medium-term bearish pattern has not completely reversed, the KDJ three lines are clustering around 50 with a bullish bias. The MACD histogram continues to show positive values, with DIF and DEA maintaining a running trajectory close to zero axis. Bearish momentum is weakening and bullish momentum is gradually accumulating. In the short term, the price will likely grind bottoms in the 68000-72000 range and has the potential to test the BOLL upper band resistance. If 72000 is effectively broken through, it will open up medium-term rebound space.
Observing from the short-cycle hourly chart, at the 4-hour level, the Bollinger Bands show a contracting pattern with the upper band pressing down. The current coin price is running near the BOLL middle band. The KDJ three lines are at low levels with no reversal signals yet. The MACD histogram is continuously shortening, turning from positive to negative, with fast and slow lines approaching convergence and showing signs of forming a death cross. There is a short-term downside exploration expectation, but the 68000 lower band support is relatively strong. It is expected that the price will oscillate repeatedly within the 68000-71000 range. At the 1-hour level, the price has pulled back from the high of 71320 to below the BOLL middle band. The KDJ indicator's J line has rebounded from low levels and turned upward, DIF is approaching DEA, and RSI is hovering around 50, showing weakening bearish momentum and bullish attempts at repair. Short-term shows an oscillating repair trend. Overall, short cycles remain primarily oscillation-driven. Attention should be paid to breakthrough situations at key support and resistance levels. Intraday operation suggestion is to use high sells and low buys within the range.
Crypto Wave Chasing: 3.12 Bitcoin Short-term Reference:
Short positions: 71000-72000 range short, stop loss 500 points, target 71000-69000
Long positions: 68000-69000 range long, stop loss 500 points, target 69000-70500
Crypto Wave Chasing: 3.12 Ethereum Short-term Reference:
Short positions: 2090-2120 range short, stop loss 30 points, target 2050-2000
Long positions: 1975-2005 range long, stop loss 30 points, target 2050-2100
This article content is originally shared by [Crypto Wave Chasing], representing only personal views. Article transmission has delays and is for reference only, do not blindly operate! Hoping that everyone on the investment journey, no matter how the market changes, can stick to their own principles, maintain rationality and composure, #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #原油价格上涨 $BTC $GT $ETH