Crypto Circle Mr. Coin: 3.28 Bitcoin (BTC) Market Analysis Reference
Bitcoin has entered a correction trend on the daily level, with the intraday low already close to the 65500 line. Looking at the hourly chart, the intraday price continues to break down below the lower Bollinger Band, and although there was a rebound in the early morning, the resistance above has not been broken, and the overall trend still appears weak. Additionally, the Bollinger Band is opening downwards, and as time goes on, the resistance above is still moving down. If the short-term market cannot break and stabilize at the 68000 line, there is still a possibility for price retracement support. I hope all coin friends can prepare in advance. Our short-term strategy remains cautious, focusing on rebound short positions, and we will lightly follow the trend if it breaks. Pay attention to the resistance near 68500 above and the support near 65000 below,
3.28 Bitcoin Short-term Reference:
68300-69300 range, defend at 72500, stop loss at 500 points, target below 67000
64300-65300 range, target above 66300, stop loss at 500
The chapter sending has a delay, and the strategy recommendations are for reference only. The market changes rapidly, and no matter how confident you are in market judgment, always ensure to take profit and stop loss, securing your gains.