Mr. Coin in the Crypto World: 3.22 Bitcoin (BTC) Market Analysis Reference

After this wave of decline on the 4-hour level, a candlestick with a long lower shadow has formed, showing significant buying support at the position of 68237. Although the daily line has three consecutive bearish candles, the latest candlestick also has a relatively long lower shadow, indicating that as the bears push down, buying support is starting to appear below, and the downward momentum has weakened. From an indicator perspective, both the 4-hour and daily MACD are still below the zero axis, but the histogram is shrinking, indicating that the bearish strength is waning, and there is a need for a technical rebound in the short term. The moving average system is currently still in a bearish arrangement, with the price running below all EMA moving averages, but the degree of deviation has reached about 5%, indicating that the short-term divergence is relatively large, and there is an expectation for upward correction technically.

In terms of trading volume, after a previous period of increased volume and decline at the 4-hour level, this wave of rebound has decreased in volume, indicating that the willingness of funds to chase higher prices is still not strong, but at least the bears have not further crashed the market. The daily level is more evident, with the trading volume gradually decreasing over the past three days, stabilizing from increased volume decline to decreased volume, and selling pressure is slowly easing, which is a positive signal. Overall, the support level of 68237 is temporarily effective, bearish momentum is weakening, coupled with a large degree of deviation needing correction, there is a high probability of a rebound in the short term. However, this rebound is still in a reduced volume state, with the focus on whether it can regain the 4-hour EMA7 moving average; a stable rebound will have sustainability. See you tomorrow. Follow Mr. Coin for real-time market analysis.

3.22 Bitcoin Short-Term Reference:

70500-71500 interval, defend 74500 for supplement, stop loss 500 points, target below 70000

68300-67300 interval, target above 69500, stop loss 500

The chapter sending may have delays, the strategy suggestions are for reference only, the market changes rapidly, regardless of how high the judgment and grasp of the market are, the take-profit and stop-loss must be well-managed, securing profits #BTC #ETH #黄金创43年来最大单周跌幅