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3.13: Bitcoin (BTC) market analysis reference
Bitcoin continued its range volatility within the day, and the support below has moved up. The intraday oscillated upwards to around 84500 after a pullback, forming a V-shaped reversal. Currently, the price is running near 82700, forming a short-term test of the resistance level. Subsequently, the market once again entered a wide-ranging oscillation rhythm. However, due to the rapid rebound in the recent trend, it is recommended to control the risk. The news is also mixed, with impacts intertwined.
 
In the short-term chart, the Bollinger Bands are in a contracting state, with prices fluctuating between 80500 and 84500 recently, forming a clear range consolidation pattern. There are also long upper shadows above, indicating significant selling pressure. The 41-hour MACD shows a golden cross signal, suggesting a possible short-term rebound. However, the overall strength is limited, with the EMA: the 4-hour EMA7 (82299.23) below EMA30 (83239.55) and EMA120 (87691.15), indicating a bearish short-term trend. The 1-hour EMA7 (82393.39) is close to EMA30 (82182.70), and the overall trend is still a wide range of oscillation, with resistance above at 85000 and support below at 79500. Yesterday's article also mentioned that if the rebound fails to stabilize above 85000, there is a chance for prices to decline, so do not chase the rise or fall before a breakthrough in the trend. Therefore, it is recommended to operate cautiously, focusing on light positions, with high short and low long positions in the range #加密市场反弹# #潜力山寨币# #BTC# #ETH#