March 30 BTC Market Analysis

The recent weekend market movement, as mentioned earlier, was mainly volatile, with a focus on the 67,600 level. Currently, the price is hovering around this 67,600 mark. A few days ago, I also pointed out that even if the price moves downward from this level, it would form a daily-level divergence, leading to a rebound.

Going forward, as long as the market does not break below 62,000, this level is likely to form a daily divergence, making it easier to see a bullish reversal. Therefore, as long as key levels are not broken, the strategy should be to look for buying opportunities on dips.

Weekly Chart:
On the weekly chart, the MACD is expected to continue oscillating and form a golden cross. After the cross, the focus will be on whether the price can break through 76,500. If it fails to break this level, the weekly trend will likely enter a correction phase, moving around the 55,500 area.

Daily Chart:
Currently, the daily chart mainly shows range-bound movement, with short-term support and resistance between 65,500 and 69,300. Patience is needed to observe the formation of daily divergence.

4-Hour Chart:
The 4-hour timeframe indicates that the rebound is not yet complete. Watch whether the price can hold above 69,300; if it does, the next target could be around 72,000.

1-Hour and 15-Minute Charts:
In the shorter timeframes, the key level to watch is 67,000, which should not be broken within the day. The overall bias remains bullish, but the 15-minute chart may see some retracement.