Waves in the Currency Sea: 3.16 Bitcoin (BTC) Market Analysis Reference:

Bitcoin has welcomed a strong rebound today, with the price continuously rising and testing the previous strong resistance area again, reaching a peak of 74450 before facing resistance and falling back. The short-term bullish momentum has weakened; as of the time of writing, the price is fluctuating around the 73600 level. Observing from the daily chart, the current market shows a fluctuating upward trend but faces short-term resistance: the price has risen above the 7-day moving average and the EMA system, with mid-term bullish structure solid. The MACD histogram is gradually expanding, with the DIF and DEA continuously diverging upwards, indicating a complete bullish trend structure; KDJ and RSI indicators are in a relatively strong range but not in the severely overbought zone, the Bollinger Bands are opening upwards and the price is running along the upper track. The mid-term trend remains a fluctuating upward movement, with a short-term focus on breaking through the resistance at the 74500 level. If the volume stabilizes above this level, it may open up a new round of upward space.

From the short-term hourly chart, in the 4-hour timeframe, after the price surged to 74450, it entered a high-level sideways consolidation, closely following the upper track of the Bollinger Bands, and the strong pattern has not been broken. The MACD continues to expand, maintaining a golden cross, while RSI remains in the relatively strong range, with bullish momentum still dominant. Although the KDJ indicator is at a high level, the three lines are gradually converging, indicating a slight weakening of short-term bullish momentum, suggesting a slight pullback demand; from the 1-hour chart perspective, the price has pulled back to above the middle track of the Bollinger Bands after peaking, with the MACD histogram rapidly narrowing, showing indications of a death cross at high levels for the DIF and DEA, while KDJ's three lines are diverging downwards, and RSI has fallen from the overbought zone to around 60, releasing a clear short-term pullback signal. Overall, the 4-hour and 1-hour levels present a "mid-term strong, short-term pullback" rhythm, with the price likely to continue a high-level fluctuating and slight pullback trend in the short term, looking first at the support range of 73000-72800. If the support at 72800 breaks, it may trigger further pullbacks, but if it stabilizes afterward, there is still a chance to attack the resistance levels of 74500-75000 again. Therefore, it is advisable to consider low-level entries for long positions on pullbacks.

Waves in the Currency Sea: 3.16 Bitcoin Short-term Reference:

Short position: 74000-75000 range short, stop-loss 500 points, target looking at 73500-72500,

Long position: 71500-72500 range long, stop-loss 500 points, target looking at 73000-74500,

Waves in the Currency Sea: 3.16 Ethereum Short-term Reference:

Short position: 2300-2330 range short, stop-loss 30 points, target looking at 2250-2200,

Long position: 2155-2205 range long, stop-loss 30 points, target looking at 2100-2180,

[The above analysis and strategies are for reference only. Please bear the risk yourself. Delays may exist in article review and publication, and strategies may lack timeliness, do not operate blindly.]

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