Mr. Coin in the Cryptocurrency Circle: March 31 Bitcoin (BTC) Market Analysis Reference

Bitcoin bulls attempted to push higher during the day, but unfortunately, the 68000 level could not hold, and the price was pushed back down, continuing to oscillate within this range. From the four-hour chart, the middle band of the Bollinger Bands is slowly drifting downwards. The price at this high level is close to the resistance area but has not formed an effective upward breakout. Currently, the price has pulled back to around 66600. Although there were several dips in the evening, the 66000 level is still being supported and has not been directly breached.

However, we need to note that the strength of the rebound is beginning to weaken. The daily level has recorded three consecutive bearish candles; although the downward momentum has slowed, this trend has not reversed. In the short term, the 67500 level has formed a more evident pressure point. In terms of indicators, the MACD on the four-hour chart has just issued a golden cross signal, but the daily line is still below the zero line, with only the green bars shortening. Looking at the EMA moving averages, the price is still below the EMA7; although the slope of the bearish arrangement has softened, it remains overall weak.

Therefore, in terms of operations, my personal viewpoint remains unchanged, focusing mainly on the rebound for trading. If the 66000 short-term support does not hold, it can basically be judged that this rebound is at an end. Everyone should maintain a bearish mindset, as the market is likely to continue seeking support downward. Be prepared in advance and do not be complacent. Pay attention to Mr. Coin as he analyzes the market in real-time,

March 31 Bitcoin Short-Term Reference:

For the 68000-69300 range, defend 72500 and set a stop loss of 500 points; target below 67000.

For the 64300-65300 range, target above 66300 with a stop loss of 500.

Messages may have delays, and the strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment and control over the market are, always carry out profit-taking and stop-loss measures to secure your gains.

For more real-time trading strategies daily, online technical learning, and exit strategies, please follow the official account (Mr. Coin Talks About Coins) for access. The first ten participants daily can receive free exit strategy assistance.

For more real-time trading updates, please follow the official account (Mr. Coin Talks About Coins) for access. You can also learn online market techniques, exit strategies, etc. I have studied the market for many years, focusing on the overall trends in the cryptocurrency circle. I have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, I welcome you to study and learn together.

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