3.30 After Bitcoin hits bottom at 65500, can the bulls counterattack? Latest market analysis and thought reference
Bitcoin's current price is 66400, resembling the wallet of a worker; just when there was a slight rebound, it was sent back to its original state. While others made a fortune shorting at 71500, you find yourself crying without tears after bottom fishing at 67000. The difference lies in understanding the trend and trading based on intuition. Don't panic; the market will give you opportunities, but it depends on whether you can hold your hand and wait for a rebound to short again. After all, in a downward trend, a rebound is not a bottom but a pit!
On the daily chart, Bitcoin's MA20, MA30, and MA60 show a typical downward arrangement. The price continues to be under pressure below the short-term moving averages, with significant moving average suppression effects. After the MACD dead cross, DIF and DEA are operating below the zero axis. Although the green bars have reduced, no golden cross signal has appeared, and the downward momentum has not been fully released. The current price is oscillating in the range of 66000 to 67000, which belongs to a downward continuation pattern after breaking. The lower level of 65000 serves as a key short-term support; if effectively broken, it will further test the 59800 support level.
On the four-hour chart, Bitcoin is forming a descending triangle pattern. The upper pressure is located between 67000 and 68000, while the lower support gradually narrows to between 65000 and 65500, nearing the edge of a breakout. The price has repeatedly tested the lower support, with weak buying support, and the rebound height is limited. MA60 continues to diverge downwards, establishing the mid-term downward trend. If the lower support is effectively broken, it will open up further downward space. The upper level of 67500 serves as a strong short-term resistance, and the breakout thinking remains unchanged.
Short-term thought reference: Follow the major cycle trend, with small stop-loss and quick entry and exit.
(Alternative) Gradually go long in the range of 65000 to 66000, stop-loss at 64800, targeting cautiously towards 67000 to 68000.
Go short in the range of 67000 to 68000, stop-loss at 68500, targeting 65000 to 66000; if it breaks, look at 60000.
In the cryptocurrency circle, it's always the early birds who feast while those who come late only sip soup, and those who are unaware are left holding the bag.
Specific operations should be based on real-time data; for more information, you can consult the author. The publication of the article may be delayed; it is suggested for reference only, and risks are borne by you.
