This week is likely to see the end of the rebound that started at 67360. The longer the sideways consolidation continues here, the greater the probability of a higher peak above 71800 in the coming days. If following the red line trajectory, around 72800 could be a possible endpoint.
If there is accelerated decline tonight or even a complete pullback of all gains, the rebound may have ended. A sharp decline would increase the probability of following the blue line trajectory.
Operationally, look for a rebound to continue adding to short positions.
BTC 3/24 Market Analysis
This week is likely to see the end of the rebound that started at 67360. The longer the sideways consolidation continues here, the greater the probability of a higher peak above 71800 in the coming days. If following the red line trajectory, around 72800 could be a possible endpoint.
If there is accelerated decline tonight or even a complete pullback of all gains, the rebound may have ended. A sharp decline would increase the probability of following the blue line trajectory.
Operationally, look for a rebound to continue adding to short positions.