Coin Circle Mr. Coin: 3.25 Bitcoin (BTC) Market Analysis Reference - Big Pie Current Price 70050. On the hourly level, a long lower shadow was hit around 68800, and then quickly rebounded to around 70295 in the early morning. This move was very decisive. Around 69000 in the short term has solid buying support. Looking at the daily chart, two consecutive days of spinning tops with long upper and lower shadows have formed. This candlestick pattern indicates that the bulls and bears are trading fiercely at this position, consolidating around the 70,000 level, and the direction hasn't broken out yet. Looking at the indicators, you can also see this struggle. The 4-hour MACD just had a golden cross below the zero axis, and the red columns turned red, but the momentum is very weak, belonging to that "golden cross but no strength" state. What about the daily MACD? Still a death cross, and the different timeframes are fighting each other. The price is just near the EMA7, around 70144, and the 30-day and 120-day moving averages are stuck together, forming an obvious resistance band. To go up, you have to get past this level first. On the 4-hour level, the previous decline was with volume increase at 5583 coins, short-term selling pressure emerged. But the subsequent rebound? Only 1052 coins, significantly reduced volume. This structure of volume increase on decline and volume decrease on rebound shows weak momentum from short-term buyers. It's the same on the daily level, with volume declining in steps over the past three days: 5583 on the 23rd, 18621 on the 24th, and only 1052 so far today. No continuity in buying, this is the biggest hidden danger in the market. Overall, it's now a situation of support below, resistance above, rebound without volume, and bulls/bears at a stalemate. Operationally, don't rush, wait for the market to make its own direction. Follow Mr. Coin for real-time market analysis. 3.25 Bitcoin short-term reference: 71300-72300 range long, defense 75500 supplement, stop loss 500 points, target 71300 below 68300-69300 range short, target above 70300, stop loss 500. Message delivery has delays. Strategy suggestions are for reference only. The market changes in an instant. No matter how confident you are in your market judgment, always set your take-profit and stop-loss properly. Lock in profits and be safe#Gate正式接入Polymarket #BTC突破71000美元 #加密市场回涨 #预测市场正在影响BTC走势？ $BTC $GT $ETH
Coin Circle Mr. Coin: 3.25 Bitcoin (BTC) Market Analysis Reference - Big Pie Current Price 70050. On the hourly level, a long lower shadow was hit around 68800, and then quickly rebounded to around 70295 in the early morning. This move was very decisive. Around 69000 in the short term has solid buying support. Looking at the daily chart, two consecutive days of spinning tops with long upper and lower shadows have formed. This candlestick pattern indicates that the bulls and bears are trading fiercely at this position, consolidating around the 70,000 level, and the direction hasn't broken out yet. Looking at the indicators, you can also see this struggle. The 4-hour MACD just had a golden cross below the zero axis, and the red columns turned red, but the momentum is very weak, belonging to that "golden cross but no strength" state. What about the daily MACD? Still a death cross, and the different timeframes are fighting each other. The price is just near the EMA7, around 70144, and the 30-day and 120-day moving averages are stuck together, forming an obvious resistance band. To go up, you have to get past this level first. On the 4-hour level, the previous decline was with volume increase at 5583 coins, short-term selling pressure emerged. But the subsequent rebound? Only 1052 coins, significantly reduced volume. This structure of volume increase on decline and volume decrease on rebound shows weak momentum from short-term buyers. It's the same on the daily level, with volume declining in steps over the past three days: 5583 on the 23rd, 18621 on the 24th, and only 1052 so far today. No continuity in buying, this is the biggest hidden danger in the market. Overall, it's now a situation of support below, resistance above, rebound without volume, and bulls/bears at a stalemate. Operationally, don't rush, wait for the market to make its own direction. Follow Mr. Coin for real-time market analysis. 3.25 Bitcoin short-term reference: 71300-72300 range long, defense 75500 supplement, stop loss 500 points, target 71300 below 68300-69300 range short, target above 70300, stop loss 500. Message delivery has delays. Strategy suggestions are for reference only. The market changes in an instant. No matter how confident you are in your market judgment, always set your take-profit and stop-loss properly. Lock in profits and be safe#Gate正式接入Polymarket #BTC突破71000美元 #加密市场回涨 #预测市场正在影响BTC走势？ $BTC $GT $ETH