On Tuesday, the Bitcoin market showed a fluctuating upward trend after testing the support at 65,000. After testing the bottom and reaching a high, it continued to rise. The price yesterday also retreated after climbing, stopping at the 66,200 mark, and then rebounding to the 68,500 position, continuing to fluctuate. The current price is maintaining a consolidation at 67,600.
Today is the last day of March, and the monthly candlestick is about to close. If it closes as a bullish candle, the future price direction may lean more towards a bullish pattern. The daily candlestick is currently operating above the lower track and has closed with a bullish candle. The MACD shows a decrease in bearish volume, and the fast and slow lines have formed a golden cross at the bottom, indicating upward momentum, suggesting an overall upward direction in the market.
On the four-hour level, the Bollinger Bands are parallel with narrowing fluctuations in both upward and downward spaces, but the bulls are continuously increasing in volume. If the actual volume increases, the price will rise further and open an upward channel. Considering the current market pattern, I lean more towards a bullish outlook.
For Bitcoin's pullback in the 67,000-66,500 range, I am moderately bullish, with the first target set at the 68,500 mark and the second target at the 70,000 mark. These points are personal suggestions and for reference only.
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