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March 11th Bitcoin Morning Analysis
Daily Chart Level: Bitcoin has rebounded and stabilized around the 67,000-68,000 range. The RSI indicator has entered the oversold correction zone, and the downward momentum continues to weaken, indicating a clear short-term rebound signal.
Weekly Chart Level: 65,500 serves as a medium-term strong support level. Holding this position maintains the integrity of the medium-term bullish structure, and the trend remains unchanged.
Key Resistance Level: Once the price stabilizes above 70,000, it will open a new upward space. Personal suggestion is to go long at 68,500-69,000, with the first target aiming for the 71,200-72,500 range.