Crypto Wave Chasing: 3.16 Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference for Tonight, Information Interpretation

Crypto Wave Chasing: 3.16 Bitcoin (BTC) ) Market Analysis Reference:

Bitcoin experienced a strong rebound and rally during the day, with prices continuously testing and re-examining the previous resistance area, reaching a high of 74450 before facing pressure and pulling back. Short-term bullish momentum has weakened somewhat. As of press time, prices are consolidating around the 73600 level. From the daily chart perspective, BTC's current market shows an oscillating uptrend but faces short-term resistance: prices are above the 7-day moving average and EMA system, with a stable mid-term bullish structure. MACD histogram bars are gradually expanding, with DIF and DEA continuing to diverge upward, forming a complete bullish trend structure. KDJ and RSI indicators are in a strong zone but not entering severe overbought conditions. Bollinger Bands are opening upward with prices running along the upper band. The mid-term trend remains oscillating uptrend. In the short term, attention should focus on the 74500 resistance breakthrough. If volume increases and stabilizes, it could open new upside space.

From the shorter timeframe hourly chart, at the 4-hour level, after prices surged to 74450, they entered high-level consolidation, running closely to the upper Bollinger Band, with the strong pattern intact. MACD continues expanding volume with dual lines maintaining a golden cross, RSI maintaining strong levels. Bullish momentum remains dominant. KDJ indicators, though at elevated levels, show gradual compression with three lines contracting, indicating some weakening of short-term bullish momentum with minor pullback needs. From the 1-hour chart, after surging, prices pulled back to above the Bollinger Band midline. MACD histogram bars are rapidly narrowing with DIF and DEA showing signs of a death cross at highs, KDJ three lines diverging downward, and RSI declining from overbought zones to around 60, releasing clear short-term pullback signals. Comprehensively, the 4-hour and 1-hour levels present a "mid-term strong, short-term pullback" rhythm. Short-term prices are likely to continue high-level oscillation with minor pullbacks. Below, first watch the 73000-72800 support zone. If it breaks below 72800 support, further pullbacks may be triggered. However, subsequent consolidation confirmation still provides opportunities to attack 74500-75000 resistance again. Operationally, it's suggested to use a pullback lows entry strategy for positioning.

Crypto Wave Chasing: 3.16 Bitcoin Short-term Reference:
Short: 74000-75000 range, stop loss 500 points, target 73500-72500
Long: 71500-72500 range, stop loss 500 points, target 73000-74500

Crypto Wave Chasing: 3.16 Ethereum Short-term Reference:
Short: 2300-2330 range, stop loss 30 points, target 2250-2200
Long: 2155-2205 range, stop loss 30 points, target 2100-2180

This article is originally shared by [Crypto Wave Chasing], representing personal views only. The article has transmission delays and is for reference only. Do not operate blindly! Hoping everyone on their investment journey, regardless of market fluctuations, can adhere to their principles and maintain rationality and composure. #加密市场上涨 #比特币站上七万美元 #七大央行利率来袭 $BTC $ETH