Coin Waves: March 12 Bitcoin (BTC) Market Analysis Reference:

Bitcoin pulled back last night after testing lower support and stabilized, showing a rebound, reaching a high of 71,300 before being pressured back down, with the market entering a phase of range-bound consolidation. As of the time of writing, the coin price is operating around 70,000. From the BTC daily chart, it is currently running between the middle and upper bands of the BOLL, with upper band resistance still present. The short-term EMA moving averages are flattening and rising, and the price is stabilizing above them. Although the long-term EMA is still declining and the medium-term bearish pattern is not completely reversed, the KDJ three lines are close to 50 and showing a slight bullish trend, with MACD volume bars continuously in positive territory, and DIF and DEA maintaining trajectories close to the zero axis. Bearish momentum is weakening, and bullish momentum is gradually accumulating, likely to bottom out in a range of 68,000 to 72,000 in the short term, with the potential to test the upper BOLL resistance upwards. If it effectively breaks through 72,000, it will open up medium-term rebound space.

From the short-cycle hourly chart, observing at the 4-hour level, the Bollinger Bands are in a constricted shape, with the upper band pressing down. The current coin price is operating near the BOLL middle band. The KDJ three lines are at a low level without showing a turning signal yet, and the MACD volume bars continue to shorten and turn from positive to negative, with the fast and slow lines approaching each other, indicating signs of forming a death cross. There is an expectation for a downward probe in the short term, but the lower band support at 68,000 is relatively strong. It is expected that the price will oscillate repeatedly in the range of 68,000 to 71,000; at the 1-hour level, the price has fallen from the high of 71,320 to below the BOLL middle band. The KDJ indicator’s J line is recovering from the low and turning upwards. DIF is approaching DEA, and RSI is hovering around 50, indicating weakening bearish momentum and an attempt by bulls to recover. In the short term, it shows a tendency for oscillation and recovery. Overall, the short cycle remains primarily oscillatory, and attention should be paid to breakthroughs of key support and resistance levels. Daily operations are suggested to sell high and buy low within the range.

Coin Waves: March 12 Bitcoin Short-term Reference:

Short Position: Sell in the range of 71,000-72,000, with a stop loss of 500 points, target at 71,000-69,000,

Long Position: Buy in the range of 68,000-69,000, with a stop loss of 500 points, target at 69,000-70,500,

Coin Waves: March 12 Ethereum Short-term Reference:

Short Position: Sell in the range of 2,090-2,120, with a stop loss of 30 points, target at 2,050-2,000,

Long Position: Buy in the range of 1,975-2,005, with a stop loss of 30 points, target at 2,050-2,100,

[The above analysis and strategies are for reference only. Risks are to be borne by yourself. The article's review and publication may be delayed, and strategies lack timeliness. Do not operate blindly.]

This content is originally shared by 【Coin Waves】 and represents personal opinion only. The article is sent with a delay and is for reference only. Please do not operate blindly! Do you want to get more daily real-time trades? Then follow my public account! Here, you can engage in online technical learning and understand relevant knowledge about making profits and exiting. I have years of research experience in the market, focusing on the major trends in the cryptocurrency circle. Primarily responsible for analyzing and guiding investment operations in BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Welcome to study and learn together.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。