Mr. Coin Circle: 3.29 Bitcoin (BTC) Market Analysis Reference

Looking at the current price around 66400, this long upper shadow bearish candle on the 4-hour chart is very typical, indicating that there is substantial selling pressure at the 67000 level. The daily chart has recorded three consecutive bearish candles, a downward trend structure has formed, and it has recently tested the 66000 integer level repeatedly, with the support strength clearly weakening. The price is running in the lower band area of the Bollinger Bands; although there has been a rebound, the upper resistance has not been broken, and the trend still appears relatively weak. Furthermore, the Bollinger Bands are opening downwards, and as time goes on, the upper resistance continues to move downwards. If the market cannot break through the 68000 line in the short term, there is still a possibility for the price to retrace for support.

From the indicators, the MACD is below the zero line on both the 4-hour and daily charts, and the bearish arrangement remains unchanged. The EMA is also pressing down hard, with the price consistently unable to stay above the EMA7's 66800, let alone the EMA30 and EMA120, making it a standard bearish arrangement. The decline has been accompanied by increased volume, especially the bearish candle on March 27, which showed very obvious volume. This indicates that funds were actively leaving the market at that time. But what about the current rebound? The trading volume has shrunk significantly, clearly lacking buying interest. Overall, it still appears weak, with limited rebound space. Our short-term strategy remains cautious, mainly focusing on rebounds, and if there is a breakout, we will follow with light positions. Pay attention to Mr. Coin, who will provide real-time market analysis for you.

3.29 Bitcoin short-term reference:

68300-69300 range, defend at 72500, stop loss 500 points, target below 67000

64300-65300 range, target above 66300, stop loss 500

Sending messages may be delayed, strategy suggestions are for reference only, the market changes rapidly, regardless of how high the confidence in market judgment is, always ensure to take profits and set stop losses, secure profit #BTC #ETH #ETH（二饼） #全球市场波动