As of 18:40, BTC is around $70,400, with a 24h range of $68,978–$71,321, trading in a narrow consolidation. The daily chart shows three consecutive green candles but with narrowing gains. The 4-hour MACD shows a death cross, while the hourly chart oscillates within the $69,500–$71,150 range. Strong selling pressure at $71,500 above, with $69,000 as a key support level below. With CPI data due tonight, the market sentiment is cautious, and the battle between bulls and bears is intensifying.
Trading Strategy (Short-term, light positions): Long: On pullbacks to $69,000–$69,300 with stabilization, enter light long positions with stop loss at $68,500, target $70,500–$71,000 Short: On rebounds to $71,000–$71,500 facing resistance, enter light short positions with stop loss at $72,000, target $69,500–$69,000
⚠ The above is for reference only and does not constitute investment advice. #原油价格上涨 $BTC
Today's BTC Market Report (March 12)
As of 18:40, BTC is around $70,400, with a 24h range of $68,978–$71,321, trading in a narrow consolidation. The daily chart shows three consecutive green candles but with narrowing gains. The 4-hour MACD shows a death cross, while the hourly chart oscillates within the $69,500–$71,150 range. Strong selling pressure at $71,500 above, with $69,000 as a key support level below. With CPI data due tonight, the market sentiment is cautious, and the battle between bulls and bears is intensifying.
Trading Strategy (Short-term, light positions):
Long: On pullbacks to $69,000–$69,300 with stabilization, enter light long positions with stop loss at $68,500, target $70,500–$71,000
Short: On rebounds to $71,000–$71,500 facing resistance, enter light short positions with stop loss at $72,000, target $69,500–$69,000
⚠ The above is for reference only and does not constitute investment advice. #原油价格上涨 $BTC