Crypto Circle Mr. Coin: March 10 Bitcoin (BTC)) Market Analysis

Refer to Bitcoin's intraday rebound. Currently, the price has once again returned to the 69,000 level, approaching the high near 69,500. Multiple attempts to break through have failed. The short-term upward momentum has weakened, so until the trend breaks out again, it is not recommended for crypto enthusiasts to blindly chase the rally. Focus on the breakout of this area; if it can break through, there is a possibility for the price to further advance toward the 70,000 resistance zone. Please be prepared. Conversely, if it cannot break through for a long time, there is a risk of short-term pullback, so do not blindly chase the rally before a breakout. The daily chart has continued its rebound after forming a hammer line on March 9. The short-term low of $65,821 has become a key support level.

From a technical perspective, the 4-hour MACD has already formed a golden cross and continues to expand, but the DIF indicator (182) remains below the zero line; the daily MACD death cross pattern has not changed. Currently, the overall trend before the breakout is considered a wide-range oscillation. Watch for a breakout and stabilization above the 70,000 level. Support below is at 67,500.

March 10 Bitcoin short-term reference: Range 69,500-70,500, with a stop loss at 73,500, and a 500-point stop loss. Target below 68,500, in the 67,300-66,300 range, with a target above 68,500, and a 500-point stop loss.