The expectation of interest rate hikes is "cooling down" to save the market! 67,000 begins to recover, and after the TD13 bottom signal appears, can the bulls regain the key resistance at 68,000?

1. News

Interest rate hike expectations have reversed (significant bullish indicator): Market data shows that the probability of a rate hike in April has plummeted to 4.1%. The release of macro pressures has led to a retreat in the dollar index, providing an excellent rebound window for BTC.
On-chain whale behavior (bullish): Monitoring indicates that the turnover rate around 65000 has been extremely high recently, with some whale addresses showing signs of accumulation rather than further selling.
Overall, the news is bullish. The market has shifted from extreme panic to weak recovery, and confidence is rising.

2. Technical Analysis

Current price: Approximately 67700
Moving Average System (MA):
MA24 (66765) and MA52 (66706) have completed a low-level golden cross. The price has currently successfully broken through the previous narrow range of fluctuations and is stabilizing above the short-term moving averages. The upper pressure directly targets MA120 (67930), which is a key watershed for short-term bullish and bearish conversion.
Bollinger Bands
The 1-hour Bollinger Bands are opening upwards, and the price is challenging the upper band (67861). If it can break through and stabilize, it will completely reverse the previous downward inertia.
Current pattern: A typical continuation rebound after a low-level V reversal, with bullish momentum being released.

Entry/Position Increase

Pullback entry: If the price pulls back to 66800 - 67000 without breaking, it is a good entry opportunity for long positions.
Breakout entry: If the 1-hour closing price breaks through 68000 with volume, one can chase long positions short-term up to 69500.
Take profit levels: First target 68800, second target 70500.
Stop loss level: Strictly set at 66300 (if it falls back below the moving average, it indicates that the rebound has failed).

Risk Warning
Maximum risk point: Inducing long risk. Although the interest rate hike expectations are positive, there is heavy resistance above 68000. If there is “increased volume with stagnation” at this level, caution should be taken as the main force may use the positive news for a final “door painting” shakeout.
Response plan: Strictly implement trailing stop losses. Once profits exceed 500 points, immediately move the stop loss point to the cost price.
Position that cannot be held: If the price falls below 65000 again, long positions must exit unconditionally, which means a deep pit at 61000 may be ahead.

BTC0,68%
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FoolishPhilosophervip
· 03-30 09:18
Just go for it 👊
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