Market Analysis


Touched 74K again, short-term blocked, awaiting 4H closing to determine next moves
Last night's analysis pointed out that probabilities around 70K up and down were close, but leaning upward, with reasons including 1H-level bullish structure, moving averages, CB positive premium, etc. (though I didn't place trades based on this)
The market broke through triangle convergence this morning. I suggested that after Bitcoin breaks the triangle convergence, it may test the 73,500 zone upward
Easy Lihui's short selling information also provided theoretical support for the market rally
After US stock market open today, it has tested up to the key 74K area, then faced obvious resistance. Currently down 1,000 points in the short term to around 72,500
If the 4H level closes this way, it will form an SFP and lean toward downside, ultimately retesting the 66 zone
If the 4H level closing can reclaim above 74, I believe the subsequent market will further rally to the 78-81 zone
I believe that ultimately standing above 74 in late March and testing 78-81 is highly probable, but the probability of directly achieving it today is low. I think the closer to end of March, the higher the probability of breakthrough
Before the late-March breakthrough, one can look for pullback lows to accumulate, and aim to sell around 78-81
This article is sponsored by #BCGAME | @bcgame @bcgamecoin
BTC1.77%
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