3.19 Bitcoin and Ethereum Evening Analysis

Brothers, many people got shaken out by this wave, but Little Zhuge wants to say: the more situations like this arise, the easier opportunities appear.

Looking at the 1-hour and 4-hour structure, although the price is currently under pressure around 69K, the key point to focus on is:

First, the bears are accelerating and releasing emotions, already approaching the limit.

The 1-hour level shows continuous red candles with MACD death cross and volume expansion, but has already started entering the exhaustion zone. This kind of decline is not the start of a trend but rather the end shaking people out.

Second, the 4-hour lower band support has been repeatedly tested. The current price is close to the Bollinger Band lower rail, a typical oversold zone. There's limited space to the downside, but once it rebounds, the elasticity will be very strong.

Third, volume is beginning to show anomalies.

During the decline there's volume expansion but no continued acceleration collapse. This indicates that funds are picking up chips at low levels rather than simply panic selling.

Personal suggestions:
Bitcoin 68000-69000 go long, target at 71500
Ethereum 2080-2120 go long, target at 2200