March 5th, Spring Thunder Roars, All Things Grow. It is a beautiful spring, and the awakening of insects is the season for grass to grow and orioles to fly. It is also a time of accumulated strength ready to burst forth.



Bitcoin tested the bottom yesterday and rebounded. After dipping to 67,300 at noon, it surged to 74,000 in the evening but faced resistance and pulled back. Currently around 72,500, successfully breaking through the multi-day consolidation range. Yesterday's strategic positioning paid off as expected.

The daily chart closed with a large bullish candle, breaking the consolidation pattern. The trend is bullish, with indicators aligned in a bullish configuration. MACD shows strong bullish momentum, and the upward trend continues, with a short-term pullback for correction. Watch the hourly support at 71,500; as long as it holds above 70,000 on the pullback, maintain a bullish outlook.

For Bitcoin, it is recommended to go long in the 71,500-72,000 range, targeting 74,000-75,000.

For altcoins, it is suggested to buy in the 1,970-2,110 range, with targets of 2,150-2,230.
BTC6.95%
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