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Analysis of Bitcoin on March 7th morning
Yesterday, Bitcoin quickly dropped from 71,168 to 67,712, then entered a sideways consolidation at a low level, currently around 68,000.
The overall trend shows an initial sharp decline followed by oscillation, with downward momentum weakening. Bulls and bears are temporarily balanced around 68,000.
Short-term support: 67,500
Short-term resistance: 68,500-69,000
Strong resistance: 71,000
Waiting for a breakout direction, operate cautiously$BTC #GateforAI重磅上线 #加密市场小幅下跌 #美伊局势影响