3.31 BTC Market Analysis

Yesterday, our approach was based on the four-hour timeframe. We mentioned that the four-hour level had not yet rebounded sufficiently and that as long as 67,000 was not broken, a rebound would occur. The recent pullback was relatively deep, dropping to around 66,300, followed by a rebound, which is in line with our expectation of a rebound.

Today, the daily chart has not yet shown clear signs of divergence. The next key point to watch is the four-hour level: the more it rebounds, the more it will face resistance near the zero axis. We have seen several previous instances where the price reached near the zero axis and then pulled back. We should pay attention to this pattern again. Additionally, we need to monitor whether the 69,300 level can hold steady; if it cannot, it will face further resistance.

1H: On the 1-hour timeframe, focus on whether the bullish momentum can continue. In summary, the market is likely to remain in a consolidation with upward bias, with particular attention to the resistance at 69,300 and support levels at 67,000-66,400.