3.13 Bitcoin and Ethereum Morning Analysis

Daily Level Bitcoin has formed four consecutive positive candles, with price strongly breaking through previous highs in the morning session. The Bollinger Bands are beginning to open slowly, with coin price consistently running below the upper band, overall structure is strong. From a technical indicator perspective, KDJ has formed a golden cross with another upward turn, MACD dual lines continue to diverge upward, volume has slightly increased, short-term bullish momentum maintains the initiative.

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

But macro uncertainty still exists, Middle East situation and Iran conflict remain potential variables. As long as the situation continues to develop, risk-off sentiment could warm up at any time, and price action risks another pullback at any moment. Technically biased bullish, but I remain cautious about chasing rallies on any spike higher.

Personal Suggestions:
Bitcoin: Enter short at 71500-72300, target down at 70k, if not broken then reverse to long
Ethereum: Enter short at 2120-2150, target down at 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 Analysis