3/12 Market Outlook

From yesterday's low point in the 76600 range rising to the 83700 range, nearly a 10,000 point increase. Although the short-term market trend is still not fully determined, the significant accumulation by participants is indicated by the space amplitude of BTC.

1️⃣ The Relative Strength Index (RSI) of BTC is currently at its lowest level since August 2024, indicating potential recovery. It can be seen that after strong support was gained in the weekly timeframe, the RSI led to BTC's upward movements in the previous two instances, but this time remains to be observed.

2️⃣ Yesterday, after the support in the 82800 to 83300 range failed to fully break through, there was a pullback. BTC has continued to adjust downwards with lower lows in the 4-hour timeframe, with short-term attention on the support situation in the 80000 range.

3️⃣ Tonight at 8:30 PM, everyone should pay attention to fluctuations in the CPI data, with an expected 2.9%.

Short-term support 80300-79700

Short-term resistance 84700-85500 #掌握市场