3.24 Bitcoin (BTC) Market Analysis Reference - Big Pancake Trend Reversal Signal Has Arrived. Yesterday afternoon, the price dropped to a low of 67916, then rebounded directly above 70000. The intraday rebound was nearly 5000 points, indicating that the 67500 area is the main funds' bottom line and the previous low point. The bears have pushed it down here and can't push further. The daily chart is even more intriguing. Three consecutive days of closing gains, but note that each candlestick carries a long upper shadow. This shows that bulls want to push higher, but at the 72000 level, bears are deeply entrenched with concentrated selling pressure. This is where bulls and bears are deadlocked, neither giving way to the other. Looking at MACD, this is the indicator that best reflects trend strength. On the 4-hour level, DIF has formed a golden cross with DEA and continues moving upward, from -269 to 603, signaling strengthening short-term momentum. However, on the daily level, the MACD histogram has contracted from 1457 to 141, clearly showing a slowdown in growth rate. In other words, the rebound strength at the larger timeframe currently needs further observation. Looking at moving averages, price has already broken above EMA7 and is currently trading above 69879, a sign of short-term strength. However, look at EMA30 and EMA120 at 70040 and 70290 forming a death cross. This position is the watershed between bulls and bears. If price can break above this area on volume, the trend completely reverses. If it can't, this is a textbook bull trap. On volume, at 8 PM today there was a volume spike crash of 7343, indicating capital outflow. But the subsequent rebound? Low volume, showing buyers are extremely cautious with no one willing to chase highs. The most critical part is at the 71246 key resistance level, which produced a volume peak of 3251 at that time. This is a clear signal—this position bears traces of main funds testing the market. To break through, it must be confirmed by buying volume exceeding this magnitude. Overall, 67500-68500 has strong support, with strong selling pressure near 72000. Short-term averages look good, but long-term averages remain restrictive. MACD shows golden cross on small timeframes but momentum decay on larger ones. This chart is forming a converging triangle and will choose direction anytime. At this stage, both sides have opportunities, but timing is key. Wait patiently for that volume confirmation signal. Whoever moves first will be the leader of the next trend. Follow Coin Sir for real-time market analysis. 3.24 Bitcoin Short-term Reference: 72300-73300 range short, guard 75500 bounce, stop loss 500 points, target 71300 lower range 68500-69500 long, target 70500 above, stop loss 500. Posts have transmission delays; strategies are for reference only. Markets change constantly. No matter how confident your market judgment is, always set take-profit and stop-loss levels. Secure your profits#Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡 $BTC #$GT $ETH