
加密前线(糖哥)|Mar 20, 2025 09:57
Daily Market Interpretation - BTC 03/20
As mentioned by Tang Ge in the previous text, the news will catalyze the speed of change, but the technical structure is not a sustainable upward trend. Do not chase after the rise. After reaching the second suppression (daily MA30), the price is currently in a downward trend.
From the daily trend, the price surged to MA30 and was hindered from rising. The current fluctuation range has been expanded compared to the previous period, but it is still within the oscillation range of the lifeline strategy and has not left the original operating range. That is to say, the current price is at a high level in the range. In practice, before effectively breaking through MA30, the position of many players entering the market is still after a correction.
From the trend of 4H to 12H, the price has broken through the previous oscillation range and exited the local bull market. However, there is not much room for sustainable upward movement, and it is difficult to break out of the linkage structure before breaking through the major level. But if there is a pullback, new support positions below can be used to grab a rebound.
From the level of 1H and below, it is normal for prices to fall back and consolidate after rising, and there are also bullish structures formed in small levels. After the price falls out of the existing range of oscillation, the first pullback supports low long positions.
Based on the above information, the major level has not completed a breakthrough, but the bullish line that has broken away from the bottom has not brought space for short-term operations. In addition, there is a bullish structure formed at the hourly and below levels. The first pullback here can be attempted in batches to grab rebounds. The reference points are as follows:
Short term support of 85110~84060 (1:2 fast in and out), short-term suppression of 88688~89904 (can be entered if the retracement does not break 87800 after a large volume breakthrough), second support of 81130~80355 (current low point in the range, with a small probability of reaching, but can be hung) BTC
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