Crypto Circle Mr. Coin: 3.9 Bitcoin (BTC)) Market Analysis Reference

Looking at the daily chart, Bitcoin (BTC#2月非农意外负增长 ) shows a doji at the end of the daily candle, indicating a potential reversal signal. After the market opened today, the price continued to weaken and oscillate, with a downward trend. The price touched the 66,500 level at a low point, and the daily chart has already signaled a correction. As long as the price does not break above the 68,500 resistance, the probability of further decline will increase. There is a possibility of testing the previous support at 66,000. Traders should prepare in advance.

On the short-term hourly chart, the trend has been consecutively closing in the red, with Bollinger Bands opening up. The price remains oscillating at low levels, indicating a strong bearish sentiment. The 4-hour chart shows continuous red candles, with the price falling from a high of 68,200 to a low of 66,500, forming a clear short-term downtrend channel.

Combining with the daily structure, the long bearish candle on March 6 (71419→67744) has established a top reversal signal. The current market is in a correction phase.

From a technical indicator perspective, on the 4-hour and daily MACD, both DIF and DEA are below the zero line and the gap is widening. Meanwhile, the EMA system shows a bearish arrangement, with the price staying below EMA7 (67,369) and EMA30 (68,386). Attention should be paid to whether this area breaks or stabilizes.

If a breakout occurs, the subsequent rebound strategy should be maintained; overall, the trend remains weak. For conservative traders, maintain a rebound trading approach. Resistance levels are at 68,500-69,000.

3.9 Bitcoin short-term reference:

Range between 68,500-69,500, with a stop loss at 72,500, and a 500-point stop loss. Target below 67,500, with a range of 66,300-65,300, aiming for above 67,500, with a 500-point stop loss.