March 8th Midday Bitcoin Public Outlook

Bitcoin remains in a triangle range with tight fluctuations. The price is consolidating with frequent spikes. The key resistance is at 69,900. A breakout above this level could push towards 71,800, and further surpassing this could challenge 73,100. Support is at 68,300; a breakdown below this could target the neckline at 67,300. If the neckline is broken, the price may retest 65,780. Weekend trading is expected to be extreme, likely involving narrow consolidation or large volatility. The current range is expected to be between 69,950 and 68,350.

Trading Suggestions:
• Break above 69,900 with high volume, go long on the right side, set stop-loss accordingly

• Drop below 68,750 with high volume and fail to recover on a rebound, go short on the right side, set stop-loss accordingly

Level Targets:

• Hourly Chart: Break and hold above 69,936, target 71,000-71,700; if unable to hold, expect continued consolidation

• 4-Hour Chart: Drop below 68,700, target 67,300-66,150