Bitcoin continued its upward trend yesterday, maintaining a technical structure characterized by high-level oscillations, bullish dominance, and stepwise consolidation: after a previous rally from the high of 68,500, it slightly retraced to around 67,600 for strong support. During the daytime, the bulls gained momentum and pushed the price up again to near 69,300 but faced resistance. In the evening, it pulled back to around 68,000 for consolidation, with a tug-of-war in the early morning. After reaching a high of 69,200, it retreated again to around 68,000 for further consolidation. From a pattern perspective, the market maintains a strong structure of gradually testing higher highs and steadily lifting lows. The 67,600-68,000 range forms a short-term core support zone, while 69,300 is the current key resistance level. The pullback was not sustained, and the price stabilized without breaking key support, indicating healthy profit-taking and intermediate consolidation during an upward trend. The bullish structure remains intact, with short-term movements likely to be characterized by strong oscillations and a buildup for a breakout.

BTC0,48%
View Original
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
BullAndBearBattle
· 04-02 01:48
Buy the dip 😎
View OriginalReply0
  • Pin