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

Looking at the current price near 66400, this long upper shadow bearish candle on the 4-hour chart is very typical, indicating that the selling pressure at the 67000 level is real. The daily chart has closed three consecutive bearish candles, establishing a downward trend structure, and has recently repeatedly tested the 66000 integer mark, with support clearly weakening. The price is operating in the lower area of the Bollinger Bands; although there has been a rebound, it has not broken through the upper resistance, and the trend remains relatively weak. Additionally, the Bollinger Bands are opening downward, and as time goes on, the upper resistance continues to move lower. If the market fails to break through the 68000 level in the short term, there is still a possibility of a price pullback to find support,

From the indicators, 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; the price has not managed to break above EMA7 at 66800, let alone EMA30 and EMA120, showing a standard bearish arrangement. During the decline, volume increased, especially on the bearish candle of March 27, where the volume was very evident. This indicates that funds were actively exiting at that time. But what about now with the rebound? The trading volume has shrunk significantly, and there is clearly no buying interest following through. Overall, the market remains weak, and the rebound potential is limited. Our short-term strategy should remain conservative, primarily focusing on rebounds while following the trend with light positions if there is a breakout. Follow Mr. Coin for real-time market analysis

3.29 Bitcoin Short-term Reference:

For the 68300-69300 range, protect at 72500, stop loss at 500 points, target below 67000

For the 64300-65300 range, target above 66300, stop loss at 500

There may be delays in sending messages; strategy suggestions are for reference only. Market conditions change rapidly, regardless of how confident one is in market analysis, always manage profit-taking and stop-loss effectively to secure gains.

For more real-time strategies daily, online technical learning, and getting out of positions, you can follow the public account (Mr. Coin Talks Crypto) to obtain adding methods: the first ten daily can receive free strategies for getting out of positions,

For more real-time strategies daily, you can follow the public account (Mr. Coin Talks Crypto) where you can learn technical analysis online and get out of positions. I have been researching the market for many years, studying the overall trend of the crypto space, and have studied abroad in the U.S. to provide primary analysis and guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For friends who do not know how to operate, you are welcome to join in the research and learning,

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。