Coin Sea Waves: 3.17 Bitcoin (BTC) ) Market Analysis Reference:

Bitcoin has recently maintained an overall oscillating uptrend, with pullbacks during the period but no change to the upward trend. Early this morning, the price strongly surged and broke through recent highs, rising to the 76000 level before facing selling pressure and pulling back. Currently, the price is oscillating and consolidating around 74000. From the daily chart perspective, BTC price formed a bearish candle after surging to around 76000. The current price still runs above the MA5, MA10, and MA30 moving averages, with intermediate moving averages showing a bullish alignment and overall trend appearing strong. However, the J value in the KDJ indicator has entered the overbought zone and turned downward, while RSI is also at a high level, indicating that short-term bullish momentum is somewhat exhausted. Although MACD maintains positive columns with DIF above DEA, the volume has contracted compared to the previous bar, suggesting upward momentum is weakening. Additionally, the price faced selling pressure after touching the upper Bollinger Band, further confirming short-term pullback pressure exists. However, the intermediate uptrend on the daily level remains intact, with price likely entering a high-level consolidation and pullback phase. After indicators complete their repairs, there remains potential for another surge higher.

From the short-cycle hourly chart perspective, looking at the 4-hour level, price declined consecutively with bearish candles after touching highs. Currently, price runs above the Bollinger Band midline, with intermediate trend still relying on moving average support and showing strength. In the KDJ indicator, the J value has rapidly retreated from the overbought zone forming a bearish crossover divergence, with RSI also declining synchronously. From the MACD perspective, DIF and DEA still maintain a bullish crossover but volume continues to contract, indicating short-term bullish momentum has weakened somewhat. Looking at the 1-hour level, current price runs near the Bollinger Band midline. Technical indicators show that short-term selling pressure has been somewhat released, with demand for a bounce from oversold levels. If the price can hold the Bollinger Band lower rail (73350) and the 73000 key support level in subsequent moves, a bounce is expected after indicator repairs. Therefore, evening operations are suggested with a strategy of entering long positions at pullback lows.

Coin Sea Waves: 3.17 Bitcoin Short-term Reference:
Short: 75500-76500 zone short, stop loss 500 points, target 74500-73500
Long: 72500-73500 zone long, stop loss 500 points, target 74000-75000

Coin Sea Waves: 3.17 Ethereum Short-term Reference:
Short: 2385-2425 zone short, stop loss 30 points, target 2350-2285
Long: 2245-2285 zone long, stop loss 30 points, target 2315-2385

This content is originally shared by [Coin Sea Waves], representing only personal views. This article has transmission delays and is for reference only. Do not blindly operate! We hope that on everyone's investment journey, no matter how market conditions change, you can adhere to your principles and maintain rationality and composure. #比特币站上7.5万美元 #加密市场上涨 $BTC ‌$ETH