3/19 Midday BTC Analysis

This pullback has already broken through the 72839 support level, with the lowest test near 70273, but this round of rebound has not ended.

As long as there is no effective break below 70273, this key inflection point, the hourly-level uptrend remains intact, just temporarily weakened; once 70273 is broken, it will return to range-bound consolidation below.

Currently, 70273 has completed the first support test, and subsequent second retests of this level are likely.

• If the second bottom does not create a new low and forms a double-bottom structure, another rebound is possible;
• If the second break creates a new low, weakness will continue downward.

Trading Suggestions:
• Volume breakout above 71314: chase longs, targets 72839–73531

• Volume break below 70458 and unable to reclaim it on retests: chase shorts

• If unable to sustain above 71314, short-term consolidation likely in the 70273–71314 range.

#Gate13周年全球庆典
$BTC