3.24 Bitcoin (BTC)) Market Analysis - Chart Reversal Signal Incoming. Yesterday afternoon, the price dipped to a low of 67916, then directly rebounded above 70000. The intraday rebound of nearly 5000 points indicates that the 67500 area is the bottom line for the main capital, and also a previous low point. The bears tried to push here but couldn't break through. The daily chart is even more intriguing. Three consecutive bullish candles, but notice - each one has a long upper wick. This shows bulls want to push higher, but at the 72000 level, bears have set up deep ambush with very concentrated selling pressure. This is where bulls and bears are locked in a stalemate, neither giving ground.

Looking at MACD - this best reflects trend strength. On the 4-hour level, DIF and DEA have formed a golden cross and keep rising, from -269 to 603, signaling short-term momentum strengthening. However, the daily MACD histogram has contracted from 1457 to 141, showing obvious deceleration in growth rate. In other words, the rebound strength at larger timeframes still needs observation. From the moving averages, price has already broken above EMA7, currently trading above 69879, marking short-term strength. But notice the EMA30 and EMA120 at 70040 and 70290 forming a death cross. This level is the dividing line between bulls and bears. If price can break above this area on high volume, the trend completely reverses. If it fails, this is a textbook bull trap.

On volume - at 8pm today, there was a 7343-volume plunge showing capital fleeing. But the subsequent rebound? Decreasing volume, showing buyers are very cautious, nobody wants to chase highs. Most importantly, at the key resistance of 71246, a volume peak of 3251 formed. This is a clear signal - this level left traces of main capital testing. To break through, it requires buying volume exceeding this magnitude to confirm.

Overall: 67500-68500 has strong support; 72000 area has strong selling pressure. Short-term moving averages look good, but long-term moving averages still cap it. MACD small timeframe golden cross, but large timeframe momentum declining. This chart is forming a converging triangle, ready to choose direction anytime. At current stage, both directions have opportunity, but the key is timing. Be patient, wait for that volume confirmation signal. Whoever moves first becomes the leader of the next trend. Follow Coin Master for real-time market analysis.

3.24 Bitcoin Short-term Reference: 72300-73300 range resistance, defend 75500 supplement, stop loss 500 points, target 71300 below 68500-69500 range support, target 70500 above, stop loss 500. Message sending delayed, strategy suggestions for reference only. Market conditions change rapidly; no matter how confident in market judgment, always set take-profit and stop-loss properly - secure profits #Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡 $BTC #$GT $ETH