Cryptocurrency Analyst Mr. Coin: 3.13 Bitcoin (BTC)) Market Analysis Reference

Bitcoin rebounded after retracing yesterday, with prices moving upward but unfortunately failing to break through further resistance above. Currently, prices have pulled back to around the 70000 level with both bulls and bears in a stalemate situation. The pullback shows signs of consolidation, and if today closes positive again, we can expect the price to further attempt to test upward. Key focus on the previous high around 71300, with a breakout and consolidation expected to change the oscillation pattern. All coin friends are urged to prepare accordingly. On the 4-hour level, the long lower shadow that closed last evening (lowest touched 69353.3 before rebounding to 70327 close) shows buying support near 69000 in the short term. The daily chart has closed positive for three consecutive days, with the high-positioned doji star that closed at dawn being a signal requiring short-term attention, indicating the short-term will face pullback pressure. From technical indicators, although the 4-hour MACD has crossed bullishly, the red column (momentum column) is beginning to contract, with short-term bullish momentum weakening; meanwhile, the daily MACD indicator continues to show bearish divergence characteristics. Looking at moving averages, although price is firmly standing above EMA30 (69562), the short-term EMA7 (70192) has begun to flatten, and the support effect of short-term moving averages is weakening. Overall, the coin price shows signs of stagnation at highs after the breakout, with the short-term possibly requiring a retest. Recently, coin prices have maintained wide-range consolidation, whether price rises or falls by a thousand points or so. Within a certain time period, oscillation patterns will continue. Currently, we are in this timeframe, so our short-term strategy remains high shorting and low longing. 3.13 Bitcoin Short-term Reference: 71500-72500 range for shorting, defense at 75000 supplement, stop loss 500 points, target 70500 below, 69300-68300 range for longing, target 70300 above, stop loss 500#Gate广场AI测评官 $BTC $GT $ETH ##