Cryptocurrency Academician: Bitcoin Opens Northbound Channel on 3.14, Countdown to Previous High of 74000! Latest Market Analysis and Trading Strategy Reference

Bitcoin is currently at 71800. After strongly stabilizing from the 71000 low, the momentum on the chart is clearly accumulating again. What does this indicate? It shows that the pullback consolidation has ended, and a new round of northbound movement is ready to go. A reminder: the biggest trap in crypto is chasing rallies and panic selling. True profits often come from brave positioning during pullbacks! Those who were panicking yesterday, aren't you slapping your thighs today? The trend hasn't changed, it's just a washout. Sit tight, the previous high of 74000 is right in front of us!

On the daily K-line before publication, we can clearly see the high at 73850, indicating that the main force is preparing to break the previous high of 74000, which is the golden ratio resistance at 0.786. Especially after five consecutive days of positive closes and standing firm above the EMA30 trend line at the 70000 level moving northbound, MACD has been accumulating volume for four consecutive days, with DIF and DEA approaching the 0-axis. If the price breaks through the previous high of 74000, the 0-axis will fail northbound and open again. The upper Bollinger Band at 72600 has already broken, and overall, the northbound trend is inevitable.

On the 4-hour K-line, there's been a pullback and rebound from 71130 northbound, successfully standing above the middle Bollinger Band. The EMA trend indicator is in an open northbound pattern. Short-term pullbacks are just momentum accumulation during the uptrend. Key support to watch is the previous dense zone at 71000. After multiple attempts by the main force, support is effective. As long as we don't break below, we can continue holding. Watch the middle Bollinger Band at 70500 as the support level. Downside space is limited, and the northbound channel is complete, indicating there's still considerable room to hold for northbound movement.

Short-term Strategy Reference: There's no 100% certainty, so always set stop-losses. Safety first. Small losses and big profits are the goal.

Lower: From 71500 to 71200 northbound, stop-loss 400 points, target 72000 to 72500, break through to 73000 to 74000.

Downside: If the price encounters resistance between 72200 to 73000 and top divergence appears, you can short with light positions, stop-loss at 73500, target near 71500 for exit.

Actual operations should be based on real-time market data. For more information, feel free to contact the author. Articles have publication delays. This is for reference only; traders bear their own risks. #Gate2月衍生品市场份额创新高