Cryptocurrency Scholar: What Bitcoin Taught Me on 3.28: In the Face of Trends, Emotions Are Worthless! Latest Market Analysis and Thought Reference
The current price of Bitcoin is 66000. Recently, many friends in the crypto community have told me that this recent fluctuation of Bitcoin has messed up their mindset. In fact, it's really unnecessary. The market never explains itself to you; it only shows you through movements who is right and who is wrong. I pointed out the trend reversal from north to south at 73600, and now at 65870 I have taken profits. It's not because I am so magical, but because I am willing to spend time breaking down the structure and waiting for signals. Take it slow, don't rush. Trading is a marathon, not a sprint! The trend is still ongoing, and I will share the key levels and entry strategies with my followers without reservation.

Looking at the daily candlestick chart, the decline of Bitcoin has long been traceable: after dropping from 75998, all short-term moving averages began to decline, squeezing the price tightly; the MACD indicator also turned from red to green, and the green histogram is getting longer, indicating that the downward momentum is continuously strengthening. The price has now fallen below 66000. The former resistance of 70000 has become a strong pressure point, with the first defense line below at 65000 to 66000. If it breaks this level, it will continue to push down towards the year's lowest point.

On the four-hour chart, Bitcoin has broken below the support of the converging triangle at 69000, confirming a downward breakout, and the direction of the trend has completely pointed south. The price is under pressure below the MA20 and MA30 moving averages, and the short-term moving averages are arranged downwards; after the MACD dead cross, the green histogram continues to grow, and both DIF and DEA are moving downwards, indicating sufficient downward momentum. The Bollinger Bands are opening downward, and the price is moving along the lower band. The downward trend is clear; don't ask if you can catch the bottom anymore. The direction is down now, and any rebound is an opportunity for further declines!
Short-term thought reference: Follow the trend of the large cycle, with small stop losses and quick entries and exits.
(Optional) Gradually go north in batches from 65000 to 66000, with a stop loss at 64800, targeting 67000 to 68000 cautiously moving north.
Go south from 67000 to 68000, with a stop loss at 68500, targeting 65000 to 66000. If it breaks below, look for 60000.
In the cryptocurrency space, those who are perceptive get the meat, those who are late get the soup, and those who are oblivious take over the positions.
Specific operations should be based on real-time data on the market; for more detailed information, you can consult me. There may be delays in article publication, and suggestions are for reference only at your own risk.

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