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BTC Weekly Analysis and Price Outlook

  • BTC
  • 2024-03-23 17:47:02
  • 33

$BTC At present, the weekly line has closed a negative doji, which means that all the strength will be lost in the short term.

Secondly, there is a risk of forming a head and shoulders top in 4 hours. The price needs to break through 68,000 to resolve the risk of this head and shoulders top.

The support position below is still at 60500. If it falls below this position, the market will accelerate its decline.

There is less than a month left before the BTC halving, and most funds will be in a wait-and-see state. It cannot be said that the history is similar, but it remains in the subconscious mind of people that it is good or bad.

At present, the market has rebounded slightly on Saturday and Sunday, but no reversal signal has been seen. On the way up, we must also pay attention to the risk of decline and stop profits in time.

Currently there are two ranges $BTC 61000-59000 52000-50500

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