2026-03-12 15:26:37

【Bitcoin Ascending Flag Formation Complete, Rebound Target Eyeing 79660?】

Bitcoin has been experiencing frequent intraday pump-and-dump moves due to Middle East tensions. Therefore, we need to adjust to relatively higher timeframes to observe the market more clearly.

From the adjusted 2-day chart perspective, Bitcoin's triangle has broken above the upper boundary and completed a pullback confirmation. The upper support remains valid, and the structure for continued upward movement is still quite clear. Currently, price is near the important 73000 resistance zone experiencing a retracement move.

With multiple resistance levels ahead, any rebound will inevitably involve back-and-forth oscillations, so short-term operations present considerable difficulty.

At this stage of the market, we estimate the pullback will be relatively gentle. After all, the war news hasn't directly crashed Bitcoin, and short-term resilience has shown decent performance. Below, we should focus on the 68000-69000 support zone.

On the upside resistance side, Bitcoin has formed an **ascending flag structure**. The upper edge of the flag serves as the resistance level, approximately around 74900, and overlaps with the 73000-74000 resistance zone. Therefore, the pressure here is extremely significant.

Unless there's a volume breakout, it will be difficult for Bitcoin to directly surge past this level in the short term. Therefore, this can still serve as a **first profit-taking position** for reference.

If the market truly breaks through this resistance zone, the upside target can continue to reference the **CME gap fill at approximately 79660**.

One final reminder:
**Ascending flags often exist only to be broken.**

Rebounds are rebounds, but once the structure is broken in the follow-up, Bitcoin's overall downtrend has not ended. The true major-level low point may very well not have appeared yet—everyone must keep this in mind.

#比特币重新站上7万美元大关 $BTC #BTC $ETH

ETH-0.59%

BTC-0.72%

View Original

橙子研究院

2026-03-09 08:05:06

【Bullish Defense Holds, Is a Major Rebound Coming?】

Based on yesterday's analysis, after Bitcoin broke below 67,000, it started testing support downward. Currently, the price is still operating near this critical 67,000 level. This position itself is an important defensive line along the upper edge of the triangle structure. Therefore, the upcoming trend can actually be understood from two perspectives.

First scenario: The rebound structure gradually strengthens.

If the market rebounds next and the rebound height continues to rise, and the bears' two attempts to suppress the price fail to produce new lows, it indicates that in the current battle between bulls and bears, the bulls are gradually gaining the upper hand.

In other words, the bulls are holding their ground in this area. Once market confidence gradually recovers, there could be a genuine rebound trend.

Second scenario: The current rebound is merely a symbolic technical correction.

If the rebound strength is noticeably weak and the rebound space is limited, then caution is needed, as this downward structure may not have truly ended.

In this case, the market is likely to continue downward after a brief correction, potentially testing lower levels.

But even so, it's not entirely a bad thing. Because if the market continues to decline, it may create new significant buying opportunities at lower levels.

Overall, the market is still in a key structural decision phase.
Short-term bulls and bears are still oscillating around 67,000.

Trading idea: Currently, the position is suitable for holding and enduring. Even if it drops further, it's a big opportunity.

#亚洲股市暴跌 $BTC #BTC走势分析 $ETH

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes