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$BTC CryptoLiying: 3.31 Bitcoin (BTC) breaks through the midline resistance, bulls aiming for 70,000? Latest market analysis and trading suggestions
Fellow traders! Bitcoin has finally broken the deadlock of sideways consolidation at low levels! The price has surged with a high-volume bullish candle breaking above the Bollinger Band midline at 67,906, and has also moved above the MA7 and MA30. The MACD has formed a golden cross below the zero line, and the red momentum bars continue to grow—bulls are officially launching a counterattack! However, the upper MA120 and the previous high resistance at 68,088 are still watching closely, so short-term caution is needed for a false breakout followed by a pullback.
Breaking through the Bollinger Band midline, the opening is beginning to show. The distance between the upper band at 67,906 and the lower band at 65,922 is shifting from extreme convergence to moderate expansion. The price has broken above the midline with a large bullish candle, indicating short-term bullish strength is dominant. Currently, the price is operating just below the upper Bollinger Band. If it can stabilize above the upper band, it will open up upward space targeting 69,000-70,000. The moving average system has a short-term golden cross, with MA diverging upward, providing support for the price. If MA120 breaks through and stabilizes, the bullish trend will accelerate; otherwise, a pullback is likely. The MACD indicator confirms a golden cross, with momentum continuing to grow, completely exhausted bearish momentum, and a clear bullish reversal signal.
Short-term trading strategy (Liying’s expert guidance, precisely aligned with market conditions)
Long position strategy: 67,900 to 67,950, target 68,800 aiming for 69,500, stop loss 67,750
Short position strategy: 67,850 to 67,800 encountering resistance, target 66,800 aiming for 66,000, stop loss 68,000
Liying’s message: The crypto market is not short of opportunities; what’s missing is the eye to see through the essence and the disciplined hand to execute. Stay calm, and you will smile last!
Risk warning: The above analysis by Liying is based on real-time market data and is for reference only. It does not constitute investment advice. Trading risks are your own responsibility. #BTC能否守住6.5万美元?