Crypto Coin Master: 3.20 Bitcoin (BTC)) Market Analysis Reference
4-hour chart: A bullish candle with a long lower shadow formed, testing support at the 69000 round level before rebounding sharply. There is obvious buying support at this position. Although the daily level shows three consecutive bearish candles in pullback, it hasn't broken through the key support at 68500 (previous low), and the chart is forming a potential double bottom structure.
From a technical indicator perspective: The 4-hour MACD is still in death cross, but the bearish momentum histogram is already shortening, indicating weakening downward momentum. The daily MACD remains in a bullish crossover state, and the rebound structure on the larger timeframe hasn't been destroyed. Looking at the moving average system, price has stood above the 4-hour EMA7, but remains pressured below EMA30. Short-term moving averages haven't fully strengthened yet. Volume-wise, the March 18th crash saw a substantial volume of 8373, typical panic selling. However, the current rebound volume is only 576, a clear decrease, indicating weak capital enthusiasm for chasing highs. If subsequent volume doesn't materialize, the rebound's sustainability could be compromised.
Overall, the 69000-68500 support zone is effective, and the daily level maintains a bullish structure. However, due to the rebound coming on light volume, achieving a direct V-shaped reversal in the short term will be difficult. The probability suggests the market will likely oscillate in the 70000 range.
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3.20 Bitcoin Short-term Reference: 71000-72200 range long, defend 74500 pullback, stop loss 500 points, target near 70000; 68300-69300 range short, target above 70300, stop loss 500 points. *Note: Messages may have transmission delays. Strategies are for reference only. Markets change constantly. Regardless of trading confidence level, always set profit targets and stop losses for capital preservation.
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