3/22 Bitcoin Outlook

Bitcoin previously broke below the triangle pattern and reached new lows. However, this probe downward appears more like washing out low-level long liquidity. After the new low, weakness did not continue. Instead, a hammer candlestick formed, indicating obvious buying support below.

Key focus on whether it can re-establish support at 69222:
• Holding above would conclude this round of decline, likely consolidating in the 69222–70400 range
• Breaking above 70400 could potentially continue attacking the 71505 resistance level

This sudden pullback was mainly caused by two previous attempts to break the 71974 high that both failed, with lower highs forming consecutively, showing insufficient upside momentum. Major players are seeking stronger support below to attract buying interest.

Trading Suggestions:

• Breaking 69371 on volume and holding steady → can chase longs on the right side

• Breaking below 68715 on volume and failing to retrace back above → can chase shorts on the right side
Use strict stop losses.

• 1-hour: Holding 69371 → watch 70507–71355

• 4-hour: Breaking 68771 → watch 68168–67359
$BTC #Gate13周年全球庆典