Cryptocurrency Red Sister 3.16 (Writing time 0:32) Latest Bitcoin (BTC Market Analysis and Trading Suggestions: #比特币站上七万美元 #加密市场上涨

Bitcoin is currently trading around 71400. During the day, after the price surged higher and retraced, the 1H chart showed two pin bars formed at the EMA30 and BOLL middle band that failed to provide support. Currently, the K-line continues to probe downward toward the EMA30 support level, indicating that the Red Sister's high short positioning from yesterday was very accurate and effective. It is recommended to continue holding. The KDJ and RSI both show divergence toward the oversold zone. After the DIF and DEA converge, they are currently in a death cross formation, and the red column is showing increasing volume. However, the BOLL upper-middle band continues to maintain an upward posture. Therefore, the downside space available today may not be very large, as the KDJ and RSI short-term indicators have already moved into the oversold zone. It is recommended to pay attention to the EMA60 and the lower band zone below. Today's high point should continue to focus on the upper band and the intraday high pressure zone for entry. Whether the long-term short position can be held needs to monitor the 4H chart where DIF and DEA are forming a second downward divergence. Once formed or if the 4H middle band is broken, the bearish divergence may continue to extend.

Today's selling points: ≥72000 light short, stop loss above 72800. Take profit 71300-70700. If broken 70500-70000, can continue to hold.

Today's buying points: ≤70700 light long, stop loss below 70000. Take profit 71300-71800. If broken 72000-72200, can continue to look toward 73000 nearby.

Article review and pushing have delays. The above points are for reference only. Please control your own timing for buying and selling, manage risk properly upon entry, and do not over-leverage! Thank you for reading!