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Mufeng Friday, March 20th, Afternoon Market Analysis
In the early hours, Bitcoin dipped to around 66,750 and quickly rebounded, with the white session reaching a high of 70,100, perfectly aligning with yesterday evening’s bullish outlook and accurately confirming the forecast.
The key focus moving forward is the critical resistance zone at 68,750–69,850 on the daily chart. Whether the market can reverse and surge higher depends entirely on whether this resistance level can be effectively broken:
If successfully broken, the market may see a second rally; if it faces resistance and pulls back, the sideways downward trend will continue.
In terms of trading strategy, go short first; if it breaks through, close the short and switch to long.
Practical Trading Strategies
BTC: Short at 68,200–69,500, target: 65,200
Long-term: 67,500
ETH: Short at 2020–2050, target: 1935
Many followers have used this method to go from four digits to seven digits. There are only four steps. The simpler the method, the easier it is to stick with it, and the less likely you are to give up halfway.
Step one, when choosing a coin, only look for one signal: daily MACD golden cross. Don't pay attention to anything else, especially don't be swayed by the endless news. It's best if the golden cross appears above the zero line, as it’s more stable. Technical indicators are here, and they are more reliable than anyone’s words. $C