Crypto Circle Li Ying: Did You Miss Bitcoin at 62,510 on 3.12? Don't Miss the Opportunity at 69,000 Again! Latest Market Analysis and Trading Suggestions

Bitcoin current price: 70,209. 2-hour moving average and Bollinger Bands: The bullish trend is solid, with the price stabilizing above the middle Bollinger Band and multiple moving averages. The midline is rising synchronously, forming strong support, and the correction space is significantly compressed. As long as the key support levels of 69,000 and 69,500 are not broken, the rebound trend will not reverse. Trading volume shows red fat and green thin, with continuous capital inflows and no obvious signs of large-scale exit, indicating a healthy upward trend.

Looking again at MACD, after the golden cross, it continues to rise. The daily chart has completed a W bottom pattern. After a pullback to confirm support on the 2-hour chart, it surged again. The bottom reversal signal is fully confirmed, accumulating energy for a breakthrough above the previous high of 74,050. Currently, the market fluctuation is essentially the main force clearing out floating positions, preparing for a breakout above 74,050. Therefore, Li Ying believes that as long as the support at 69,000 and 69,500 holds, the correction is an excellent opportunity to buy!

Short-term Trading Strategy (Li Ying’s precise market guidance)

Long position idea: Buy in batches during the correction to the 69,000-69,500 range. Set stop-loss at 68,500; if broken, exit decisively. First target at 71,500 to 72,000; if broken, continue upward toward the previous high of 74,050.

Short position idea: Only attempt shorting with small positions when there is obvious volume stagnation and indicator divergence between 71,500 and 72,000. Stop-loss at 72,500; target at 69,500 to 69,000.

Li Ying’s Message

Market conditions change rapidly; following the trend is the key to survival in the crypto world! This strong rebound of Bitcoin is a gift to patient holders and a warning to those going against the trend. Remember: small stops for big profits, always prioritize risk control.

Follow Crypto Circle Li Ying to accurately capture every market wave, avoid detours in the crypto world, and achieve steady profits!

Risk Warning: The above analysis is based on real-time market data and is for reference only. It does not constitute investment advice. Trading risks are borne by the individual. #伊朗在霍尔木兹海峡布设水雷