Market Outlook


Continuing to oscillate at high levels, waiting for upper and lower boundaries to place trades
Bitcoin continues to oscillate in the 70k range, neither breaking down nor breaking through, this is now the third day of boring market
For me, this remains unsuitable for placing trades, so I choose to stay on the sidelines with empty hands
Small timeframe: 71700 resistance above, 74000 resistance, 66000 support below
Large timeframe: 78000-81000 bull take-profit zone above, 57000-60000 test new lows recovery zone below
Between the small timeframe boundaries, still unable to place trades
If I had to force a direction, the small timeframe currently looks more favorable for bulls (1H bull structure, CB positive premium, bad news but not falling, relatively resilient vs US stocks), but insufficient
Reasonable speculation, perhaps the small timeframe will test the 74 zone once more then come back down, test the 66 or 63 level below once more, then test the 78-81 zone in late March, and then break down in April
This article is sponsored by #BCGAME|@bcgame @bcgamecoin
BTC-0.05%
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