Crypto Coin Mr.: 3.13 Bitcoin (BTC)) Market Analysis Reference

Bitcoin pulled back yesterday and bounced out. The price moved upward, but unfortunately failed to further break through the resistance above. Currently, the price has retraced back to around the 70000 line, with bulls and bears showing a deadlock. The pullback shows signs of stabilization. If we close positive again during the day, there is hope for further upside tests. The key focus above is around the previous high of 71300. If it breaks and stabilizes, the sideways pattern is expected to change. We hope all coin friends will prepare well. On the 4-hour level, a long lower shadow line was closed in the evening (after touching a low of 69353.3, it rebounded to 70327 close). Short-term support exists around 69000. The daily level has closed positive for three consecutive days. The high-level morning star that closed in the early morning is a signal that needs attention in the short term, suggesting that the short-term will face pullback pressure. From a technical indicator perspective, while the 4-hour MACD has formed a golden cross, the red column (momentum bar) has begun to shrink, with short-term bullish momentum weakening somewhat. Meanwhile, the daily MACD continues to show a bearish divergence. Looking at moving averages, while the price is firmly above EMA30 (69562), the short-term EMA7 (70192) has begun to flatten, and the support effect of short-term moving averages is weakening. Overall, the coin price shows signs of stagnation at highs after the breakout, and short-term pullbacks may be needed. Recently, the coin price has maintained wide-range consolidation. Whether the price rises or falls by over a thousand points, the sideways action will continue for a certain period of time. We are currently in this time window, so our short-term strategy is simply to short at highs and long at lows. 3.13 Bitcoin Short-term Reference: 71500-72500 range congestion, defend 75000 supplement, stop loss 500 points, target 70500 below, 69300-68300 range dips, target 70300 above, stop loss 500#Gate广场AI测评官 $BTC $GT $ETH ##