3.19 Morning Bitcoin Silk Road



Influenced by both international geopolitical tensions and macro liquidity conditions, Bitcoin plummeted sharply from the 74,200 high yesterday, touching a low of 70,456. Currently consolidating narrowly around 71,000, with bulls and bears entering a critical stage of competition.

- Support Level: The low of 70,456 coincides precisely with the previous concentrated trading zone. If geopolitical conflicts do not escalate further, this level will become a phase consolidation point. If broken effectively, the next test will be the 70,000 psychological support level.

- Resistance Level: 72,000 is the rebound resistance after yesterday's decline, and also aligns with short-term moving averages and previous minor consolidation levels. A volume breakout here will open up rebound space toward 73,000–73,500.

- Trading Strategy: Maintain a cautious stance. Before the situation becomes clearer, avoid blind bottom-fishing or chasing shorts. Focus attention on the bulls-bears competition in the 70,400-72,000 range.$BTC $ETH #Gate13周年全球庆典 #Gate广场AI测评官 #SEC与CFTC新监管指引 #美联储利率决议
BTC-3,09%
ETH-3,49%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
TrendJiaoLongvip
· 15h ago
2~1~7~9~3~4~9~8~1~7=🐧
Reply0
  • Pin