Crypto Academy Scholar: Bitcoin Welded at the 70K Mark on 3.13, Main Uptrend Wave Brewing! Opportunities Fleeting, Latest Market Analysis

Bitcoin current price 70000, double bottom resonance on the major level, ascending flag pattern on the minor level, plus the main uptrend wave on the order book, the northbound trend is very clear. On-chain data doesn't lie—whales are frantically accumulating between 62400 and 68000, only retail investors are cutting losses while major players quietly take over positions. Chips are once again concentrated in the hands of major players. The current sideways consolidation indicates that the pressure from options expiration on the market has been fully released, which is a major positive for the future.

The daily K-line consolidates at the EMA30 line at 69880, with EMA15 support at 68800. The MACD shows sustained volume expansion, with DIF and DEA getting closer to the 0 axis above. The Bollinger Band upper rail reaches 72000 with the middle rail at 68000. The longer the price stays at 70K, the stronger the subsequent northbound momentum will be.

The 4-hour K-line has firmly established support at EMA15, 30, and 60. As for EMA90 and 120, they are flattening. The downtrend has ended and the northbound has taken over the market. At this point, all we can do is follow the trend. The Bollinger Band midline is at 69850 with the lower rail moved up to 68500. The downside space is compressing. If the upper rail at 71200 is tested, there's a high probability the market will impact 74000. MACD shows top divergence with the price contracting at high levels. In terms of strategy, the short-term focus remains northbound with southbound as secondary.

Short-term strategy reference: Since there are no guarantees in trading, always use stop losses and prioritize safety—small losses for big gains is the goal.

Below 69500 to 69000, target northbound, stop loss 500 points, targets 70000 to 71000, if broken look for 73000 to 74000.

Above 71200 to 72000, if resistance appears consider light positions testing southbound. Just take profits and avoid greed—the main trend is still northbound.

Specific operations should be based on real-time order book data. For more information, you can consult the author. Articles have publication delays. This analysis is for reference only; trade at your own risk.#原油价格上涨 $BTC