Cryptocurrency Mr. Coin: 3.13 Bitcoin (BTC) Market Analysis Reference
Bitcoin rebounded yesterday after testing support, and prices rose but unfortunately failed to break through the upper resistance. Currently, the price has pulled back to around the 70000 level, with bulls and bears in a stalemate. The pullback shows signs of stabilization, and if it closes positive again during the day, it is expected to further test upward. Focus on the previous high around 71300 level above. Breaking through and stabilizing is expected to change the oscillation pattern. All coin friends are advised to be well prepared. On the 4-hour level, a long lower shadow was formed in the evening closing (lowest touched 69353.3 then rebounded to 70327 close), with buy support around 69000 in the short term. The daily level has closed positive for three consecutive days. The high crossover star formed in the early morning of the day is a short-term signal that needs attention, indicating short-term may face pullback pressure. From a technical indicator perspective, although the 4-hour MACD has formed a golden cross, the red column (momentum column) is beginning to shrink, with short-term bulls weakening somewhat; meanwhile, the daily MACD indicator continues to show top divergence. Looking at moving averages, while price is firmly above EMA30 (69562), the short-term EMA7 (70192) has begun to flatten, with short-term moving average support weakening. Overall, the coin price shows signs of stagnation at high levels after the breakout, with short-term pullback needs possible. Recently, coin prices have maintained wide-range oscillations, whether price rises or falls by more than a thousand points, oscillation patterns will continue for a certain period of time. Currently we are in this time period, so our short-term strategy remains high short low long. 3.13 Bitcoin Short-term Reference: 71500-72500 range short, defend 75000 supplement, stop loss 500 points, target 70500 below, 69300-68300 range long, target 70300 above, stop loss 500#Gate广场AI测评官 $BTC $GT $ETH ##
Cryptocurrency Mr. Coin: 3.13 Bitcoin (BTC) Market Analysis Reference
Bitcoin rebounded yesterday after testing support, and prices rose but unfortunately failed to break through the upper resistance. Currently, the price has pulled back to around the 70000 level, with bulls and bears in a stalemate. The pullback shows signs of stabilization, and if it closes positive again during the day, it is expected to further test upward. Focus on the previous high around 71300 level above. Breaking through and stabilizing is expected to change the oscillation pattern. All coin friends are advised to be well prepared. On the 4-hour level, a long lower shadow was formed in the evening closing (lowest touched 69353.3 then rebounded to 70327 close), with buy support around 69000 in the short term. The daily level has closed positive for three consecutive days. The high crossover star formed in the early morning of the day is a short-term signal that needs attention, indicating short-term may face pullback pressure. From a technical indicator perspective, although the 4-hour MACD has formed a golden cross, the red column (momentum column) is beginning to shrink, with short-term bulls weakening somewhat; meanwhile, the daily MACD indicator continues to show top divergence. Looking at moving averages, while price is firmly above EMA30 (69562), the short-term EMA7 (70192) has begun to flatten, with short-term moving average support weakening. Overall, the coin price shows signs of stagnation at high levels after the breakout, with short-term pullback needs possible. Recently, coin prices have maintained wide-range oscillations, whether price rises or falls by more than a thousand points, oscillation patterns will continue for a certain period of time. Currently we are in this time period, so our short-term strategy remains high short low long. 3.13 Bitcoin Short-term Reference: 71500-72500 range short, defend 75000 supplement, stop loss 500 points, target 70500 below, 69300-68300 range long, target 70300 above, stop loss 500#Gate广场AI测评官 $BTC $GT $ETH ##