Coin Circle Li Ying: March 29 Bitcoin In-Depth Analysis of the Triangle Convergence's Coming Explosion, Will Bulls Make a Last Stand or Will Bears Squeeze to the End? Latest Market Situation and Operation Suggestions

Family! Bitcoin's high rally and subsequent decline in a triangular convergence structure, repeatedly oscillating between 64837 and 69226, has formed the ultimate shape of a converging triangle. Currently, the bulls are firmly defending support near the lower Bollinger Band at 64837, while bears are applying persistent pressure at the psychological level of 70000 US dollars. Li Ying asserts that the short-term bull and bear struggle has entered the night before the decisive battle, and the direction of the breakout from the Bollinger Bands will determine whether the bull market restarts or a deep bear market ensues!

Currently, the K-line on the market is running above the middle Bollinger Band at 66881, close to the dividing line between bulls and bears between the middle and lower bands at 64837. Short-term bulls are attempting a counterattack, but the upper Bollinger Band at 69226 clearly places pressure on them. The opening of the Bollinger Bands has drastically shrunk, with the upper band at 69226, the middle band at 66881, and the lower band at 64837, causing market volatility to drop to a freezing point. In this formation, the price will either consolidate or break out in one direction. If it breaks above the upper band at 69226, it will open the upward MA formation and create a golden cross diverging upward, providing short-term support for the price. The MACD indicator is indicating a bullish counterattack, with momentum continuing to amplify as the DIF operates below the DEA. The bullish force is strongly recovering, and the rebound signal is clear.

Short-term Practical Strategy (Taught by Li Ying, precisely aligned with the market)

Long Strategy: Stand firm above 67000, target 69000 aiming for 70000, stop loss at 66500

Short Strategy: From 69000 to 69500, target 67000 aiming for 66000, stop loss at 70000

Li Ying's Message: The crypto world is not lacking in opportunities, but lacks the eye to see the essence and the hands to execute strictly. Maintain a stable mindset, and you can smile in the end!

Risk Warning: The above analysis by Li Ying is based on real-time market data and is for reference only, not constituting investment advice. Trade at your own risk.

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