Coin Circle Li Ying: BTC violently retaliates, breaking 71000! Is the previous high of 74000 still far away?
Article published on 2026.3.11-----00:20
The current price of Bitcoin is 71350. Li Ying assesses the current K-line market analysis shows the live price of Bitcoin is 71087, bouncing back fiercely from the low of 62510 by over 13%, breaking through the 71000 barrier, just a step away from the previous high of 74050! This wave of surge has completely ignited market sentiment, with bull market signals becoming clearer! The technical aspect is completely dominated by the surge, with the main force firmly standing above the middle track of the Bollinger Band, and the upper track continuously expanding upwards, showing a clear trend of unilateral growth, while the adjustment space has been significantly compressed. Key support has moved up; as the market rises, the short-term strong support has been elevated from 68000 to the range of 69500-70000, which is the upper edge of the previous shock platform and also the surge's "lifeline." As long as it does not effectively break down, the adjustment is a great opportunity to buy in.
Short-term trading strategy (Li Ying personally teaches, precisely aligning with the market)
Thinking about the surge:
Buy in batches when the price adjusts to the 69500-70000 range, with a stop-loss at 69000 and an initial target of 72000-73000. After breaking through, continue to look towards the previous high of 74050.
Thinking about the adjustment:
Only when there is obvious volume stagnation and indicators show divergence at 72000-73000, try short positions lightly, with a stop-loss at 73500 and a target at 70000-69500.
Li Ying's message
Market conditions change rapidly; going with the trend is the key to survival in the crypto circle! This strong retaliation of BTC is a gift for patient holders and a warning to those shorting against the trend. Remember: small stop-losses for large profits, always prioritize risk control.
Follow Coin Circle Li Ying, let us accurately capture every wave of the market, reducing detours in the crypto circle and achieving steady profits!
Risk Warning: The above analysis is based on real-time market data and is for reference only. It does not constitute investment advice, and trading risks are borne by the trader.
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