# Market Analysis

Breaking 74, expecting 78-81 by the end of March

Bitcoin briefly broke through 74 this morning and is currently hovering around 74.
As mentioned earlier, I am watching for a range-bound movement on the weekly chart. If it breaks through 74, it could move into the 78-81 range.
Currently, I lean towards the view that this week will see a break above 74, followed by a breakout into the 78-81 range by late March.
On smaller timeframes, we can see that the pullbacks at $BTC have been very shallow, indicating a rejection of deep corrections; the order book below is also steadily pushing upward.
Therefore, a definitive break above 74 is only a matter of time.
Once broken, the next target zone is 78-81, with a CME gap at 81, making a fill reasonable.
At the moment, I do not see higher levels beyond 81; after filling the CME gap, the current rebound phase is likely to end.
After this rebound ends, April is expected to be the main downtrend.
The chart replicates the rebound fractal pattern from March 2022 for reference.
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