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

Hello friends, let's take a look at today's intraday Bitcoin market movement. Overall, today's market is following a pattern of surging higher and then pulling back. From early morning to 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 pushed down, and now it has returned to run around the 71000 level. It's clear that the bulls' upward attempt has failed again, and momentum is further weakening. Looking at the short-term trend, the 4-hour level just closed a shooting star with a long upper wick, with the price surging to 73900 before rapidly retreating, indicating that selling pressure at the previous high is very strong.

Meanwhile, on the daily level, although we had three consecutive days of gains before, the K-line bodies of yesterday and today are both contracting. Combined with the 73900 double-top formation, technical adjustment pressure is intensifying. Indicators also provide warning signals. The 4-hour MACD fast and slow lines have already crossed downward (dead cross), with contracting energy columns—the bulls are indeed weakening. More critically, the MACD indicator on the daily level has formed a bearish divergence with price, with price making new highs but indicators not following, which is a warning that the trend may be changing. On the moving averages, the price has broken below the 4-hour EMA7 (71272) and is now testing the EMA30 (70160) support. If this level doesn't hold, the daily EMA120 (69233) below becomes the lifeline for determining whether this trend turns bad.

Therefore, regarding the current market situation, operationally we need to respond flexibly—adopting a "short highs, long lows" strategy. For upper resistance, first watch the 73500 position; if rebound doesn't break it, consider taking short positions in light positions in this area. For lower support, focus on the 69000 line; if price retraces and stabilizes here, you can attempt going long. Currently, the market's long-short battle is intense. Everyone must bring stop-losses and control risk. Follow Mr. Coin for real-time market analysis.

3.14 Bitcoin Short-term Reference:
73500-73500 range short, defend 77000 supplement, stop-loss 500 points, target 72500 below; 69300-68300 range long, target 70300 above, stop-loss 500

Message delivery has delays. Strategy suggestions are for reference only. Market conditions change in an instant. No matter how confident your market judgment is, you must set take-profit and stop-loss levels. Lock in profits safely.#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