March 31 Midday Silk Road and Suggestions



Bitcoin's hourly highs and lows are all trending upward, and new highs have appeared. Currently, the hourly chart shows a bullish trend. If Bitcoin can hold above the 68126 resistance level, it will challenge the upper resistance at 69506. Holding above 68126 means we shouldn't be overly bearish. Why did Bitcoin pull back after reaching 68126 yesterday? Because there was liquidity from bears near 68126, and after consuming that liquidity, a pullback was inevitable. Additionally, both times it retested the lower boundary of the flag pattern without falling below it, corresponding to the price around 66412 indicated by the white arrow. This also formed an isolated low point, indicating strong support at this level. Bitcoin cannot stay above 68126 and continue to move inside the flag pattern; as long as it doesn't fall below 66750, the decline won't expand. Only a break below 66750 would target the support at 65521. Currently, Bitcoin is consolidating and oscillating between 66505 and 68128, waiting to see which way it will break out.

Bitcoin with volume broke above 68128 and is now chasing longs on the right side; a pullback from 67223 with volume that fails to recover indicates a short position on the right side—stop-loss is advised.
If Bitcoin breaks and holds above 68128, it targets 68993-69532; if it cannot surpass 68128, it’s meaningless.
On the 4-hour chart, a break below 67137 targets 66242-65525.
Upper resistance levels: 68128-68993-69532
Lower support levels: 67250-66181-65757

Yitai Silk Road

Yitai with volume broke above 2073 and is now chasing longs on the right side; stop-loss on the pullback.
If it drops below 2047 with volume, chase a short position on the right side; set stop-loss accordingly.

Retest 2013 to confirm support with an additional lot,
Stop-loss if it falls below 1980.
On the hourly chart, holding above 2073 targets 2127-2157.
Watch for a short position if it reaches 2157,
and set stop-loss at 2197.
Left-side order insertion: 1923 long, stop-loss if it falls below 1888.
Upper resistance levels: 2073-2127-2157
Lower support levels: 2046-2010-1979

On the 4-hour chart, a break below 2020 targets 1981-1939. Yitai cannot break above the upper boundary of the trumpet pattern at 2092; if it retests and falls more than half of the white arrowed candle, a further decline is expected.
$BTC $ETH #BTC能否守住6.5万美元? #Gate金手指 #TRUMP团队疑似抛售1606万美元代币
BTC-1,52%
ETH-1,37%
TRUMP1,25%
View Original
post-image
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin