3.13 Bitcoin & Ethereum Morning Strategy

Daily chart for Bitcoin showed four consecutive bullish candles, with price breaking through previous highs in the morning session. Bollinger Bands beginning to slowly widen, with coin price consistently trading below the upper band, overall structure remains strong. From a technical indicators perspective, KDJ has formed another golden cross with upward momentum, MACD dual lines continue to diverge upward, volume slightly increased, short-term bulls maintaining the initiative.

However, it should be noted that U.S. stocks opened and closed lower last night, yet Bitcoin did not show synchronized pullback, mainly driven by continuous inflows of spot ETF funds, with market sentiment artificially supported.

But macro uncertainty persists, Middle East situation and Iran conflict remain potential variables. As long as the situation continues to develop, risk-off sentiment could heat up at any time, with the possibility of price retracement. While technicals are bullish, I won't chase blindly at highs—caution is still needed on rallies.

Personal Suggestions:
Bitcoin: Enter long @71500-72300, target down to 70k, if not broken then reverse to long
Ethereum: Enter long @2120-2150, target down to 2060, if not broken then reverse to long
$BTC $GT $ETH #Gate2月衍生品市场份额创新高 #Bitcoin Support and Resistance Level Analysis