3.13 Thursday Morning Thoughts on Bitcoin

Bitcoin is currently in an upward range pattern, with the lower boundary gradually shifting upwards. Although there is significant pressure above, it is expected to face a risk of correction in the short term.

From the 4-hour K-line chart, Bitcoin has reached a key resistance area above, and momentum has weakened. Based on the current technical patterns and indicator performance, it is anticipated that prices may come under downward pressure in the near future.

The main resistance level is around 84000; if it cannot effectively break through and hold, it will turn towards a downward trend.

Operating Suggestions:

During market fluctuations, excessively chasing price increases or decreases often fails to yield ideal results. Closely monitor the breakout of key levels and adjust positions as needed. In the short term, consider lightly testing the resistance level around 84000, with a stop-loss set at 84600. #BTC走势分析