3/25 Midday Bitcoin Outlook

Bitcoin's recent price action has been frustratingly choppy. After breaking below the triangle zone and forming an M-top, the market was broadly bearish and tested the 67307 support level. However, the price quickly reversed at 68825 and bounced back above 70000. The overall market environment is characterized by wide-range consolidation with no clear directional trend. I'll emphasize again: the pattern is not yet confirmed. Short-term scalping is the main approach—trade quick entries and exits, avoid holding too long, and prevent profit retracement or stop-loss hunting.

Current Pressure at Key Resistance 71490:
• Volume breakout above 71490 with rally continuation targets 72808-73705 range
• Multiple failed attempts at the level with a three-needle top formation on the hourly chart; heavy selling pressure overhead; likely to enter 71490-70057 consolidation range
• Break below the consolidation range will retest 68825

Trading Recommendations:
• Volume holding steady at 70806, go long from the right side, target 71490-72808

• Volume breaks 70511 with weak rally attempts, go short from the right side

• 4-hour break below 70437, watch 69244-68317 downside

$BTC #Gate正式接入Polymarket