BTC Technically 3-9-21

in #btc2 months ago

Bitcoin's intraday rebound has weakened, and broke through early in the morning to test the support below. The price is currently near the 49500 position. On the short term hourly chart, the market is fluctuating near the mid-rails, the Bollinger Bands are closed, and the trend remains volatile. At the moment, the long and short sides are deadlocked, and the moving averages are starting to flatten out. There are no signs of a break in the position in the short term. It is expected that the volatile market will continue for a while, so that one can think high and low.