3.22 Saturday, Latest Bitcoin Market Analysis:
There won't be much movement over the weekend. We just need to grasp the small space in the range. Looking at the 4-hour chart, the small bearish candlestick is slowly testing the mid-track area. The Bollinger Bands are narrowing and flattening, with the short-term moving averages turning down. The MACD fast and slow lines are crossing down with increasing volume, and the KDJ is crossing down, noting the support near the 0 value. The VR indicator is consolidating around the 130 value. Overall, the market trend is biased towards oscillation and adjustment. Short-term resistance to watch is the mid-track of the daily line and around the EMA200, followed by the previous candlestick's high point. The support below is around 82000, and the current position can be considered a support level, suggesting short-term trading.
83000-85000 (space to grasp by yourself)
As for Ethereum, it is currently facing resistance at the mid-track of the daily line and is retracting, now testing around the 7-day moving average, with the technical indicators synchronizing with Bitcoin as a reference, suggesting short-term trading.
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