March 11th, Tuesday, Afternoon Pan's Thought on Bullish Outlook
From a short-term perspective, the running channel has opened downward, releasing space, and the price has found support at lower levels, showing signs of recovery. The bearish volume has decreased, and after the consistency of moving averages released downward, a turning upward has occurred; currently, a warming trend has begun.
On the four-hour level, the price did not rise and subsequently fell; it is currently testing low support, and the running channel has narrowed again, with frequent transitions between long and short volumes. The fluctuations have once again narrowed, and the short cycle remains unchanged. In the short term, the fluctuations are moving lower but recovering, and the downward movement is not continuing. Our upcoming strategy will focus on going long at lower levels.
Bitcoin personal trading advice: Long near 79500-78500, targeting 80000-81500. If it breaks out, continue looking upward!