3.10 Bitcoin Morning Analysis



From the 1-hour chart, after surging to 69,498, the bullish momentum has clearly weakened, with consecutive long upper shadow bearish candles. The price has broken below the short-term MA7 (68,698.5), and the MA7 has turned downward, forming a death cross with the MA30 (67,735.4). The short-term trend has officially turned weak. Currently, the price is under pressure around 68,600. If it loses the key support at 68,500, it will accelerate the decline towards the MA30 near the 67,700 area.

Operation suggestion: 69,100-69,600 buy, target 67,100-67,600. $BTC $GT
BTC3,61%
GT-0,56%
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