Coin Circle Scholar: Bitcoin Opens Northbound Channel on 3.14, Countdown to Previous High of 74000! Latest Market Analysis and Strategy Reference

Bitcoin is currently priced at 71,800. After stabilizing strongly from the 71,000 low, the market momentum is clearly accumulating again, what does this mean? It means the pullback consolidation has ended, and a new round of northbound movement is already ready to go. Let me remind everyone once more: the biggest trap in the crypto space is chasing gains and selling losses. True profits often come from brave positioning during pullbacks! Those who were panicking yesterday, are you slapping your thighs today? The trend hasn't changed, it's just consolidation. Hold steady, the previous high of 74,000 is right before our eyes!

Before this daily K-line report was published, we can clearly see the high point at 73,850, indicating that major players are preparing to attack the previous high of 74,000, which is the 0.786 golden ratio resistance level. Especially after five consecutive days of positive closes and stabilizing above the EMA30 trendline at the 70,000 level, the northbound surge is underway. MACD has shown volume expansion for four consecutive days, with DIF and DEA approaching the 0-axis line. If the price breaks through the previous high of 74,000, the 0-axis line will be breached and the northbound gap will open again. The Bollinger Band upper rail at 72,600 has already been breached; overall trend-wise, northbound movement is inevitable.

The four-hour K-line has pulled back northward from 71,130 and successfully settled above the Bollinger Band midline. EMA trend indicators show an opening northbound pattern. Short-term pullbacks are just consolidation during the upward move. Key support to watch is the previous dense area at 71,000; after major players have tested support multiple times effectively, as long as it doesn't break, you can continue holding. Watch the Bollinger Band midline at 70,500 as the floor support area. The downward space is limited, and the northbound channel is intact, indicating there's still considerable space for northbound movement.

Short-term strategy reference: Since no market has 100% certainty, you must always use stop losses. Safety first, small losses and big gains are the goal.

Lower range from 71,500 to 71,200 moving northward, 400-point stop loss, target 72,000 to 72,500, break above target 73,000 to 74,000.

For southward movement, if resistance appears between 72,200 to 73,000 and a top divergence forms on the chart, you can open a small short position with a 73,500 stop loss. Target around 71,500 for exit, don't aim too far.

Actual operations should be based primarily on real-time market data. For more information, you can consult the author. This article has publication delays; it's for reference only, please risk accordingly. #Gate2月衍生品市场份额创新高