Crypto Coin Master: 3.20 Bitcoin (BTC) Market Analysis Reference

On the 4-hour chart, a bullish candle with a long lower wick has emerged. After testing support at the 69000 round level, there was a rapid rebound with obvious buying pressure supporting the price at this position. Although the daily level shows three consecutive bearish candles in pullback mode, it has not broken below the key support at 68500, and the market is forming a potential double-bottom structure.

From a technical indicator perspective, the 4-hour MACD is still in a bearish crossover state, but the bearish momentum histogram is already contracting and downward momentum is weakening. The daily MACD remains in a bullish crossover state, and the larger timeframe rebound structure has not been damaged. Looking at the moving average system, price has already broken above the 4-hour EMA7 line but is still facing pressure below EMA30, with short-term moving averages not yet fully strengthened. Regarding volume, March 18th's sharp drop saw near-term peak volume of 8373, typical panic selling. However, the current rebound volume is only 576, clearly decreasing, indicating weak capital pursuit of highs. If volume cannot be replenished subsequently, the sustainability of the rebound may be compromised.

Overall, the 69000-68500 zone support is effective, and the daily level still maintains a bullish structure. However, due to the rebound's lack of volume, a direct V-shaped reversal in the short term is difficult, with price likely consolidating in the area around 70000. See you tomorrow. Follow Coin Master for real-time market analysis.

3.20 Bitcoin Short-term Reference: 71000-72200 zone long, defend 74500 and add, stop loss 500 points, target near 70000, 68300-69300 zone short, target above 70300, stop loss 500 points. Note: Messages may have delays. Strategies are for reference only. Markets change rapidly. Regardless of how confident your market judgment may be, always set take-profit and stop-loss levels. Lock in profits safely.

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