3.24 Morning Bitcoin Analysis
$BTC In the morning session, Bitcoin surged rapidly from the 68400 low point, reaching a high of 71789 to complete a short-term spike, then quickly reversed, testing a low near 70200, completing a sharp rise-sharp fall washout structure. Both bulls and bears have entered a narrow-range sideways consolidation pattern, forming a short-term balance while awaiting directional confirmation.
Support Levels Below: 70000 is the near-term support level. If it holds, consider light long positions on retesting. If broken, watch for 69000.
Resistance Levels Above: 72000 is s