Bitcoin has risen from 67469 and touched a high of 71787.80 before entering a pullback at elevated levels. Current price oscillates around 70549. Short-term upward momentum has significantly weakened, with a bearish engulfing pattern at higher levels combined with a small real body Doji line, indicating intensifying multi-directional conflict.
The moving average system still shows a bullish alignment, with mid-term trend structure intact, but short-term moving averages have turned downward with price now trading below short-term moving averages. Oscillators have pulled back from overbought territory to neutral, then turned upward at lower levels. After short-term oversold conditions, there is a technical rebound demand.
Operating Strategy: Wait for a directional breakout. If support holds, attempt light long positions; if support breaks, follow up with short positions accordingly. Strictly control position size with stop losses.
Operating Suggestions: Short in batches in the 71200-71700 range. First target 69500, second target 69000 → 68500 → 67000
3.24 Morning Analysis
Bitcoin has risen from 67469 and touched a high of 71787.80 before entering a pullback at elevated levels. Current price oscillates around 70549. Short-term upward momentum has significantly weakened, with a bearish engulfing pattern at higher levels combined with a small real body Doji line, indicating intensifying multi-directional conflict.
The moving average system still shows a bullish alignment, with mid-term trend structure intact, but short-term moving averages have turned downward with price now trading below short-term moving averages. Oscillators have pulled back from overbought territory to neutral, then turned upward at lower levels. After short-term oversold conditions, there is a technical rebound demand.
Operating Strategy: Wait for a directional breakout. If support holds, attempt light long positions; if support breaks, follow up with short positions accordingly. Strictly control position size with stop losses.
Operating Suggestions: Short in batches in the 71200-71700 range. First target 69500, second target 69000 → 68500 → 67000