Bitcoin has shown a step-by-step consolidation pattern this week. After a strong rally on Sunday that broke away from the bottom, it did not undergo a deep pullback, but instead completed technical repairs through time consolidation. Overall, it is oscillating in a narrow range within the 68500-72000 zone, with bulls and bears reaching equilibrium.
Currently, the market's oscillation midpoint is steadily moving upward, with effective box support and an unchanged strong pattern. Subsequently, focus on whether 72000 breaks through with volume expansion. Holding above the upper band may initiate a new round of upside movement; maintain a bullish oscillation approach, awaiting directional confirmation.
Trading Recommendations: BTC: Buy near 69000-69500, first target 72000, if broken look for 74000.
3.13 Daily Trading Strategy
Bitcoin has shown a step-by-step consolidation pattern this week. After a strong rally on Sunday that broke away from the bottom, it did not undergo a deep pullback, but instead completed technical repairs through time consolidation. Overall, it is oscillating in a narrow range within the 68500-72000 zone, with bulls and bears reaching equilibrium.
Currently, the market's oscillation midpoint is steadily moving upward, with effective box support and an unchanged strong pattern. Subsequently, focus on whether 72000 breaks through with volume expansion. Holding above the upper band may initiate a new round of upside movement; maintain a bullish oscillation approach, awaiting directional confirmation.
Trading Recommendations:
BTC: Buy near 69000-69500, first target 72000, if broken look for 74000.