Mr. Coin in the Crypto Circle: 3.27 Bitcoin (BTC) Market Analysis Reference

The price of Bitcoin has once again closed in the red today, breaking the previous consolidation pattern and retracing earlier gains. Currently, it is close to the low position of 68100, but it has not broken downwards. The trend remains in a weak oscillation. If it breaks below the support level of 68000, the short-term consolidation pattern will continue to be disrupted. The intraday low is expected to further move towards the previous low. Be cautious as short-term market reversals can happen quickly; it is essential to pay attention to risk control and profit management.

In the short-term four-hour chart, the market is testing support on a pullback. Currently, the price is rebounding around 69000, with short-term resistance at 69500-70000. The trend is undergoing a corrective adjustment, with the four-hour level having already experienced a series of continuous bearish candles. The latest candlestick has a long upper shadow, and the four-hour level's DIF and DEA have just formed a death cross below the zero axis, with the histogram still expanding, indicating that bearish momentum has not yet been fully released. In terms of EMA moving averages, the price has fallen below all key moving averages of 7 days, 30 days, and 120 days, which means that both short-term and medium-term trends have weakened. The focus will be on the strength of the rebound; if the rebound cannot stabilize above 70000, there is a risk of a pullback to lower support. It is suggested to mainly focus on rebounds for operation, with upper resistance around 70000 and lower support at 68000, followed by 67000.

3.27 Bitcoin Short-term Reference:

70300-71300 range, defend at 73500, stop loss at 500 points, target below 70000

68300-67300 range, target above 69300, stop loss at 500

Note: There may be delays in sending chapters; the strategy suggestions are for reference only. Market conditions change rapidly, and regardless of how confident you are in market judgment, always ensure to set profit-taking and stop-loss levels. Safety first #BTC #特朗普希望尽快结束对伊朗战争 #ETH