3.13 BTC and ETH Morning Analysis

The daily chart of BTC has shown four consecutive positive candles, with the price strongly breaking through the previous high in early morning trading. The Bollinger Bands are beginning to slowly open, with the coin price running below the upper band throughout, showing an overall strong structure. From a technical indicators perspective, KDJ has turned upward again forming a golden cross, MACD dual lines continue to diverge upward, volume has expanded slightly, and short-term bulls are taking the initiative.

However, it's worth noting that US stocks opened and closed lower last night, yet BTC did not experience a corresponding pullback, mainly driven by continuous inflows of spot ETF funds, which are artificially supporting market sentiment.

That said, macro uncertainty still exists, with the Middle East situation and Iran conflict remaining potential variables. As long as the situation continues to develop, risk-aversion sentiment among funds could warm up at any time, and the price action could face pullback risks at any moment. The technical picture is bullish, but I won't blindly chase rallies—caution should be maintained on rallies higher.

Personal Suggestions:
BTC: Enter long at 71500-72300, target downside to 70k, if not broken then reverse to long
ETH: Enter long at 2120-2150, target downside 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