(Trend Analysis)

K-line pattern: Recently, a long upper shadow appeared at the 1-hour level (from 71700 to 69200), indicating significant selling pressure above 71000. The 70000 level has been repeatedly tested, forming a short-term trading range. At the daily level, on March 10th, a large upward candlestick broke through 69000, and for two consecutive days, a doji star has formed, deepening the battle between bulls and bears. The previous high of 71700 constitutes a key resistance.

Technical Indicators

macd: At the 1-hour level, the dif has crossed below the dea to form a death cross, while the daily macd red bars are diminishing, increasing the pressure for short-term pullback.

rsi: At the hourly level, it is hovering around 50, and at the daily level, the rsi is neutral to weak, with no overbought or oversold signals.

ema: The price has dropped below 70000 at the 1-hour level, with the daily level (69886) becoming new support for the day. Using 69000 as the boundary for the strength of bullish and bearish trends.

Volume: There was a significant spike in volume (2554 units) when rebounding to 71000, but it failed to hold, creating a volume-price divergence.

Strategy Levels

Long entry point: 68500-69000

Stop loss point: 66200-66500

Take profit point: 71000-71500

Short entry point: 71500-72000

Stop loss point: 73000-73500

Take profit point: 68500-69000

(Trend is king, follow the trend, investment carries risks, proceed with caution, communication. learning. cooperation, Earth ID: g18607105568)

You must have profited from the 71500 short given yesterday, continue to take profits today as well.

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