Market Analysis 3/10


Yesterday, Bitcoin surpassed the 67,600 level, traders took a breather, and prices rose to around 70,000, but this is just a correction and not a new high, currently testing resistance around 70,000.
1) The decline from 74,046 to the lowest at 65,569 is considered the first phase, and the rise from 65,569 is seen as a correction to the decline. After the correction, there is another phase of decline.
2) The four-hour resistance zone ranges between 69,000 and 71,500. As long as 71,500 is not broken, short positions can be built within this range.
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