3/24 Midday BTC Outlook

BTC surged to new highs and subsequently entered a consolidation phase after the rally, with bulls and bears entering another directional selection period.

From a technical perspective, the previous high zone formed an evening star pattern, followed by a pullback to the 70272 neckline support. After confirmation, the price consolidated in a harami structure around the key bearish candle below. If 70272 neckline breaks down, it will probe the lower edge of the triangle at 69561; if this level fails to hold, there is a high probability of further pullback to the 68850 zone.

The core launch point of this rally is the low of the key bullish candle below. As long as it doesn't break 67362, the correction space will be difficult to expand significantly; to sustain the rebound, it must break through the previous high resistance, otherwise continuous upside space will be hard to unlock. Currently, oscillating and consolidating within the 70272-71253 range is already considered relatively strong action.

Trading Suggestions:
- Volume break below 70227 signals a shift to correction; breaking 71253 and previous high signals sustained rebound
- Standing firm at 70732 with volume allows buying on strength, targeting 71253-71780; volume break below 70253 without recovery allows selling on strength, ensure strict stop loss
- Hourly chart must hold 70732 to continue pushing higher; inability to break indicates weakening upside momentum
- 4-hour chart break below 70078, targeting 69306-68323 below
$BTC #成长值抽奖赢金条