Watch the video: Bitcoin Market Analysis 2024.03.25

BTC Weekly Chart:

From the weekly chart perspective, last week closed with a bearish candle, and the lower shadow of this bearish candle is very long, indicating that there are quite a few people buying below. In the previous bull market, the market traded in a range for quite some time. Currently, the market first broke through this consolidation range with strength, set a new historical high, and then experienced a pullback to complete the range retracement. At the same time, this kind of candle indicates that there are quite a few buyers below, providing support to the market. Therefore, this consolidation range is very important. If the market falls below this range this week, it will head towards 50,000.

BTC Daily Chart:

From the daily chart perspective, last Wednesday, the market dropped to a daily support at 61,100 and rebounded. I also bought spot at 61,100 initially, and then sold a portion around 65,000. This daily support is very important. Once the market falls below this line, our first target is the previous consolidation range, roughly around 52,000-50,000, which is a very good opportunity to buy spot.

BTC 4-hour Chart:

From the 4-hour chart perspective, the market has formed a W-shaped pattern here, so we need to pay attention to the breakout situation of the neckline. When the market successfully breaks through the neckline and the second retracement does not break, this position is a very good opportunity for long positions.

Similarly, you can also consider this as an inverse head and shoulders pattern, with the neckline being this line. When the market successfully breaks through the neckline and the second retracement does not break, this position is also a very good opportunity for long positions.

BTC 1-hour Chart:

From the 1-hour perspective, if the market develops downwards again and disrupts this pattern, we need to pay attention to the futures perspective. Futures have left a gap here. If the market breaks below this line, like the previous market where it formed a bullish candle at this point with increased trading volume, I believe this position is a fairly good opportunity for long positions. As for short positions, I do not recommend entering at this position because from the 1-hour perspective, the bearish trend has already been terminated.

In summary, for today's market, it is necessary to pay attention to the breakout situation of the W-shaped and inverse head and shoulders patterns on the 4-hour chart, as well as the support situation of the natural rebound low point after the structure is disrupted on the 1-hour chart.

Feel free to discuss any aspects of today's market that need to be communicated. Thank you.

Risk Warning: This platform promises to provide professional information services. The content of this platform is for reference only and does not constitute any investment advice. At the same time, this platform does not promise investors to obtain profits, nor does it agree to share investment profits or bear investment losses with investors. The market is risky, and investment needs to be cautious.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。