Crypto Circle Academician: Bitcoin Double Bottom Resonance on 3.12! Is It Still Time to Head North? Latest Market Analysis and Strategy Reference

Bitcoin current price is 70,700, with a double bottom reversal resonance. This is clearly an upward main wave trend. The pressure from options expiration has mostly been released from the order book. Market leverage risk is easing, and on-chain data shows funds are starting to flow back into the crypto market. This is a relatively good signal. Such trend signals are rare; now that we see them, don’t hesitate. There’s no need to rush to exit at 66,000, and 68,000 has been achieved. 69,000 is also the last train in the market.

The daily K-line has rebounded with three consecutive bullish candles, breaking the EMA30 trend line at 70,000. MACD is continuously increasing volume, and DIF and DEA are also pushing toward the zero line. If the market breaks the previous high of 74,000, then after crossing the zero line into an upward channel, the bulls will continue to push. The resistance at the upper Bollinger Band is at 72,000, with the middle band at 67,850. The order book has basically given the answer.

On the four-hour K-line, it can be seen that it has already stabilized above the EMA30 and EMA60. EMA90 and EMA120 are moving sideways, indicating the bearish trend has basically ended. The bulls are in control. The key support is around 69,000. As long as the pullback near the middle Bollinger Band does not break the trend, it will not reverse. Especially since the middle Bollinger Band at 69,000 has been tested multiple times with effective support. MACD shows a clear increase in bullish momentum. Therefore, it is effective to hold when heading north, but be cautious about heading south temporarily.

Short-term strategy reference: Since the market is not 100% certain, always set stop-losses for safety. Small losses and big gains are the goal.

Below 69,500 to 69,000 heading north, with a 500-point stop-loss. Target 70,000 to 71,000. Breakout target 73,000 to 74,000.

Above 72,000 to 72,500 heading south, with a 500-point stop-loss. Target 71,500 to 70,500. Breakout target 70,000 to 69,500.

Specific operations depend on real-time order book data. For more information, contact the author. The article may have some delay in publication. For reference only; risk is on your own. #伊朗在霍尔木兹海峡布设水雷