Crypto Sector Mr. Coin: 3.14 Bitcoin (BTC) Market Analysis Reference

Friends, let's take a look at Bitcoin's intraday market today. Today's overall trend is one of pushing higher and then pulling back. From the morning to the afternoon, the bulls actually attempted a rebound, but the previous high resistance we emphasized yesterday—around 73900—remains effective. After the price touched a high near 73870, it was immediately knocked down, and now it has returned to around the 71000 line. Clearly, the bulls' upward push has failed again, and momentum is further weakening. Looking at the short-term trend, the 4-hour level just formed a long upper-shadow shooting star line. After the price surged to 73900, it quickly retreated, which shows that the selling pressure at the previous high is very heavy.

Meanwhile, on the daily level, although we had three consecutive days of yin candles before, yesterday and today's K-line bodies are both shrinking. Combined with this double top pattern at 73900, technical adjustment pressure is increasing. Indicators are also sending warning signals. The 4-hour MACD fast and slow lines have already formed a death cross pointing downward, with the volume column shrinking, and the bulls are indeed weakening. More importantly, the daily MACD indicator and price have formed a top divergence—price at new highs, but indicators not at new highs. This is a warning that the trend may be about to reverse. On the moving averages, price has already broken below the 4-hour EMA7 (71272), and is now testing the support of EMA30 (70160). If this level doesn't hold, then the daily EMA120 (69233) below will be the lifeline that determines whether this round of trend turns bearish.

Therefore, in response to the current market, our trading approach should be flexible—that is, the "short on highs, long on lows" strategy. At the top resistance, first watch the 73500 position. If the rebound doesn't break through, it's an area to consider light short positions. At the bottom support, focus on the 69000 line. If the price retraces and stabilizes there, you can try short longs. Currently, the market has intense long-short competition. Everyone must set stop-losses and control your risk. Follow Mr. Coin for real-time market analysis.

3.14 Bitcoin Short-Term Reference:
- 73500-73500 range short, defend 77000, stop-loss 500 points, target 72500 below
- 69300-68300 range long, target 70300 above, stop-loss 500
- Message delivery may have delays. Strategy suggestions are for reference only. Market conditions change rapidly. No matter how confident you are in your market judgment, always set take-profit and stop-loss, and secure your profits#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨 $BTC $GT $ETH