3.4 Bitcoin Morning Analysis

Bitcoin rebounded to 68,972.9 yesterday but faced resistance and pulled back. Although there was a slight short-term recovery, the moving averages have formed a death cross, with MA7 and MA30 continuing to diverge downward. The price encountered resistance near the moving averages, indicating that bullish momentum is clearly lacking.

In terms of volume structure, the volume did not significantly increase during the rebound. The candlesticks repeatedly surged and fell back, with dense upper shadows. The 68,500-68,900 zone faces heavy selling pressure, and the 68,972.9 recent high has become a strong resistance. The 68,000 level below is a recent consolidation center; once broken, it could trigger technical selling, with further support at 67,000-66,500. If the previous low of 66,080 is broken, the bearish trend will be officially confirmed.

Trading Suggestions
Short at 68,900-69,400
Target: 67,000-67,500#美伊局势影响 #非农就业前瞻