Coin Circle Mr. Coin: 3.24 Bitcoin (BTC) Market Analysis Reference

The signal for a market change has arrived. Yesterday afternoon, the price dipped to 67916, then rebounded directly above 70,000. A rebound of nearly 5000 points within the day indicates that the low area of 67500 is the baseline for major funds, and also a previous low point; the bears have attacked here but cannot push further. The daily chart is even more intriguing. It has recorded three consecutive bullish days, but note that each bullish candle has a long upper shadow. This indicates that the bulls want to push higher, but at the level of 72000, the bears are deeply entrenched, and selling pressure is very concentrated. This is a stalemate between the bulls and bears, neither side yielding to the other.

Let's look at the MACD, the indicator that best reflects trend strength. On the 4-hour level, the DIF has formed a golden cross with the DEA and has been moving upwards, increasing from -269 to 603, which is a signal of strengthening short-term momentum. However, on the daily level, the MACD histogram has shrunk from 1457 to 141, clearly slowing down. This indicates that the strength of the larger rebound is still to be observed. In terms of moving averages, the price has already risen above the EMA7, currently operating above 69879, which is a sign of short-term strength. However, look at the EMA30 and EMA120, where 70040 and 70290 have formed a death cross. This position is the watershed between bulls and bears. If the price can volume up and stand above this area, then the trend will completely reverse. If it cannot break through, this is a standard trap for attracting bulls.

Overall, 67500-68500 has strong support, and around 72000 there is strong selling pressure. The short-term moving averages are doing well, but the long-term moving averages are still under pressure. The MACD has a small-level golden cross, but the large-level momentum is weakening. This market is forming a converging triangle that could choose a direction at any time. At this current stage, both bulls and bears have opportunities, but the key is the rhythm. Be patient and wait for the confirmation signal of increased volume. Whoever moves first will be the leader of the next trend. Follow Mr. Coin for real-time market analysis.

3.24 Bitcoin short-term reference:

72300-73300 area for bulls, defend 75500, stop loss 500 points, target below 71300

68500-69500 area for bears, target above 70500, stop loss 500

Messages may have delays; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always manage your profits and losses carefully, securing profits safely #BTC #ETH #特朗普48小时最后通牒 #亚洲股市重挫 #