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#加密市场上涨 3.4 Wednesday, the latest ideas for Bitcoin and altcoins: Will it go higher?
After the market surged and touched the 70,000 level, a correction occurred, and prices dropped back to around 66,000, then entered a sideways pattern. Currently, it has risen again to around 71,700. This bullish trend is nearing its end, and the next focus is on opportunities at the high position.
Since the market stabilized above 63,000, a gradual rebound within a sideways movement has been happening, with a steady rhythm, not a one-way upward trend. Although approaching the 70,000 level again, there may be a short-term test of a break, but starting a new trend is unlikely. On the 4-hour timeframe, the upward movement continues, but the OBV volume does not follow, indicating a rise without volume, and still carries the risk of decline when facing strong pressure.
Sell around 72,500-73,500, stop at 68,000, 67,000;
Sell altcoins around 2,120-2,170, stop at 2,000, 1,930.
Personal opinion, for reference only, not financial advice!