# Crypto Red Sister 3.16 (Written at 0:32)

## Bitcoin (BTC) Latest Market Analysis and Trading Suggestions Today: #比特币站上七万美元 #加密市场上涨

Bitcoin is currently trading around 71400. During today's intraday action, after a spike higher, the price pulled back and tested the 1H chart EMA30 and BOLL middle band twice with pin wicks that failed to hold support. Currently, the K-line continues to probe lower towards the EMA30 support level, confirming that Red Sister's short positioning from yesterday was very precise and effective. It is recommended to continue holding. Both KDJ and RSI show divergence towards oversold zones. After DIF and DEA converge, they are currently in a death cross formation with red bars showing volume expansion. However, the BOLL upper-middle band continues to maintain an upward trajectory, so the downside space within the day may not be very large. Since KDJ and RSI short-term indicators have already entered oversold territory, watch the EMA60 and lower band zone below. Today's high still focuses on the upper band and intraday high resistance zone. Whether the long-term short position can be held requires monitoring the DIF and DEA in the 4H chart, which are forming a second bearish divergence. Once formed or if the 4H middle band breaks, the bearish divergence may continue.

## Today's Selling Points:

≥72000 light short, stop loss above 72800. Take profit 71300-70700. If breaks below 70500-70000, can continue holding.

## Today's Buying Points:

≤70700 light long, stop loss below 70000. Take profit 71300-71800. If breaks above 72000-72200, can continue watching for move to 73000 area.

*Article review distribution has delays. The above price levels are suggestions for reference only. Please make your own trading decisions, properly manage risk when entering positions, and avoid over-leveraging! Thank you for reading!*