Coin Circle Mr. Coin: 3.24 Bitcoin (BTC) Market Analysis Reference - Big Pancake Reversal Signal Coming. Yesterday afternoon, the price dropped to a low of 67916, then rebounded directly above 70000. The intraday rebound was nearly 5000 points, indicating that the 67500 area is the bottom line for main capital and the previous low point. The bears have pushed it here but can't push it down further. The daily chart is even more intriguing. Three consecutive days of yang candles, but notice that each yang candle comes with a long upper wick. This shows the bulls want to push upward, but at the 72000 level, the bears have laid deep traps with very concentrated selling pressure. This is the bulls and bears at an impasse, neither giving way to the other. Looking at MACD, this is the indicator that best reflects trend strength. On the 4-hour level, DIF has already formed a golden cross with DEA and continues to rise, from -269 to 603, this is a signal of short-term momentum strengthening. However, on the daily level, the MACD histogram has contracted from 1457 to 141, clearly slowing down. That is, the rebound strength at the larger level still needs observation. From the moving averages, the price has stood above EMA7, currently running above 69879, this is a sign of short-term strengthening. However, look at this EMA30 and EMA120, 70040 and 70290 forming a death cross. This level is the watershed between bulls and bears. If the price can break above this area on volume, the trend will be completely reversed. If it fails to break above, this is a standard bull trap. On the volume side, at 8 PM this evening, there was a 7343-volume crash, indicating capital fleeing. But what about the subsequent rebound? Shrinking volume, indicating buyers are very cautious, nobody wants to chase higher. Most critically, at the 71246 key resistance level, a volume peak of 3251 was produced at that time. This is a clear signal—this level is the trace left by main capital testing the market. To break through, it must be confirmed by buying volume exceeding this magnitude. Overall, 67500-68500 has strong support, strong selling pressure near 72000. Short-term moving averages are doing well, but long-term moving averages are still suppressing. MACD small-level golden cross, but large-level momentum is decaying. This chart is forming a converging triangle, ready to choose direction at any time. At this current stage, both sides have opportunities, but the key is the rhythm. Wait patiently for that volume confirmation signal. Whoever moves first will be the leader of the next trend wave. Follow Mr. Coin, bringing you real-time market analysis. 3.24 Bitcoin Short-term Reference: 72300-73300 range long, defend 75500 supplement, stop loss 500 points, target 71300 below 68500-69500 range short, target 70500 above, stop loss 500. Broadcast has delays, strategy suggestions are for reference only, market conditions are ever-changing. No matter how confident your market judgment is, take profits and cut losses must be set well, secure profits#Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡 $BTC #$GT $ETH