2026-03-31 03:33:36

🍉 March 31st midday Bitcoin outlook

The hourly high and low points are rising in sync, reaching new highs, indicating a short-term bullish bias. If it stays above 68126, there is potential to challenge the 69506 resistance level. Avoid blindly shorting.
Yesterday, it surged to 68126 and then pulled back, which is a normal retracement after liquidity absorption in a bearish move. The two pullbacks to the lower boundary of the flag pattern at 66412 did not break the level, and isolated lows appeared, indicating strong support.
If it re-enters consolidation below 68126, as long as it does not fall below 66750, the downside is limited; a valid break below could target 65521. Currently, it is still oscillating within the 66505–68128 range, waiting for a direction.

Trading suggestions:
• Break above 68128 with volume, go long on the right side, target 68993–69532
• Break below 67223 with volume and lack of rebound strength, go short on the right side
• Break below 67137 on the 4-hour chart, with support at 66242–65525

ETH-0.3%

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