3.19 Wednesday Bitcoin Latest Market Analysis

Last night, Bitcoin broke below 82000, reaching a low of 81100, and then began to stabilize and rise around 81100. The price has returned above 82000, and it is currently at around 82600. We also mentioned in the early morning that as long as Bitcoin does not break below 81000, the price would rebound, and it is evident that the price has returned to around 82600. Fans who followed the operation woke up with a profit of 1500 points.

Looking at the Bitcoin trend from an hourly perspective, the Bollinger Bands are narrowing, and the price rebounded after touching the lower band, indicating support at the lower band. If it can break above the middle band, bullish momentum will strengthen. The KDJ indicator has formed a golden cross in the oversold zone, suggesting that bullish strength is increasing and there is a demand for a rebound. Although the MACD indicator is below the zero line, the green momentum bars are shortening, indicating weakened bearish strength and accumulated bullish strength. If it crosses above the zero line, the bullish trend will become clearer. Overall, despite the current pressure on Bitcoin's price, several technical indicators suggest that bullish strength is accumulating, and a rising market may be on the horizon in the short term.

Bitcoin Strategy: Buy around 82000, target 84000

Ethereum Strategy: Buy around 1910, target 2000#币安上线BMT #币安Alpha2.0 #BNBChainMeme热潮 #你看好哪一个山寨币ETF将通过？ #Strategy增持比特币 $BTC $ETH $XRP