Cryptocurrency Mr. Coin: 3.18 Bitcoin (BTC) Market Analysis Reference

In recent market trends, many people are asking if we have reached the peak? Let's take a look at the K-line chart and let the data speak. First, everyone look at the 4-hour level, setting aside the high of 76000, it is very obvious that a double top structure has formed here. One top is at 74799, and the other top is at 74800, almost at the same level. What does this indicate? It indicates that the price has hit this level twice and has been pushed down each time, showing significant selling pressure at this position.

So what's happening now? The price has already retreated from the double top and has tested the support area around 73500 multiple times. Switching to the daily level, we can see a very key signal: for three consecutive days, the daily K-line has closed with long upper shadows. What do we call this in trading? It's called "the ceiling", indicating that as long as it hits around 76000, it will be hit down again, with obvious strong selling pressure above 76000.

Now looking at the smaller timeframes, the 1-hour chart is showing a "three consecutive bearish candles" pattern, indicating that the bears are gaining strength. But everyone pay attention, although there have been three bearish candles, it has not broken the key support level of 73500. As long as this position does not break, the structure of the larger trend is still intact.

So to summarize, the current market situation is: at high levels there is resistance, but there is also capital supporting below. The focus now is on the position of 74000 and the defense situation at 73500. See you tomorrow. Follow Mr. Coin for real-time analysis of the market.

3.18 Bitcoin Short-term Reference:

74800-75800 range is cautious, defense at 78500 is advised, stop loss at 500 points, target below 74000,

72300-73500 range is cautious, target above 74300, stop loss at 500

The sending of chapters has a delay, strategy suggestions are for reference only, market conditions change rapidly, no matter how high your confidence in market judgment is, make sure to maintain your take profit and stop loss, securing profits is key #BTC #ETH🔥🔥🔥🔥🔥🔥 ##SEC澄清加密资产分类