March 21 Market Trend Analysis and Weekend Trend Forecast!
1. Short-term Adjustment Pressure of Bitcoin and Long-term Trend
- Technical Signals: The current Bitcoin price fluctuates around $84,000, with the MACD indicator showing weakened upward momentum, indicating a possible short-term pullback. However, the EMA long-term moving average still maintains a bullish trend, indicating that the long-term bullish pattern has not changed.
- Key Support and Resistance: Analysts suggest paying attention to the support range of $83,500-$84,000; if it breaks below, it may further test $83,000; the upper resistance is located at $86,500-$87,000, which needs to be broken to open up upward space.
- Market Sentiment: Recent market pressure is heavy, with insufficient capital follow-up, but the pullback may provide entry opportunities for bulls.
