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March is drawing to a close, and whether it's the non-farm payroll, CPI, the Federal Reserve rate decision, and Powell's remarks, regardless of whether the data is favorable or unfavorable, even if Bitcoin faces selling pressure and declines, the support level at 69,000 remains solid at the current stage.
The persistent flight-to-safety sentiment has continued to be a resistance factor for Bitcoin's rally. Institutions and whales buying at low positions and accumulating positions provide certain support. So despite the pressure above, I still believe Bitcoin will achieve another breakthrough.
Over the weekend, liquidity weakens, and the market is still waiting for the "risk-aversion" signals. Technically, the key level is at the 72,000 resistance. If we firmly hold above this level again next week, the market will continue to challenge the 75,000 level, and I will continue to wait for time to deliver the best results.
Going short on rallies is just a transition; buying on dips remains our consistent main direction. $BTC