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MC:$2.37KHolders:1
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SongJinanA
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March 2nd Morning Analysis of Bitcoin
From the 1-hour chart, Bitcoin's MA7 has crossed below MA30 to form a death cross, and the price continues to trade below the dual moving averages, creating strong resistance; at the same time, the price broke below the previous key support level of 66,000, with very weak rebound strength. The highs are gradually declining, indicating a clear bearish trend. Recently, the candlesticks are mainly long bearish candles with small bullish rebound bodies, further confirming the lack of buying momentum and the dominance of the bears in the market.
Multiple negati
From the 1-hour chart, Bitcoin's MA7 has crossed below MA30 to form a death cross, and the price continues to trade below the dual moving averages, creating strong resistance; at the same time, the price broke below the previous key support level of 66,000, with very weak rebound strength. The highs are gradually declining, indicating a clear bearish trend. Recently, the candlesticks are mainly long bearish candles with small bullish rebound bodies, further confirming the lack of buying momentum and the dominance of the bears in the market.
Multiple negati
BTC-1,88%
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