March 26th, Midday Bitcoin Public Outlook



Bitcoin is strongly rebounding, fully recovering recent declines, and showing a powerful upward trend.
This rally was mainly driven by Nvidia's better-than-expected earnings report released early this morning, but remember: news only influences short-term sentiment; ultimately, technical analysis prevails.
Bitcoin broke out of a bearish flag pattern, surged past the 70,000 mark, but the body did not stabilize above 70,000. The positive news failed to break through strong resistance and instead exhausted its momentum. Currently, it is back within the flag pattern, oscillating.
• Break below 66,480 = end of rebound, likely to follow the same pattern up and down

Trading Strategy
• Volume breakout above 68,700 → Aggressive long position
• Volume drop below 67,750, with a failed rebound → Aggressive short position

• 1-hour: Stabilize above 68,700 → Watch 69,340-70,060
• 4-hour: Break below 67,770 → Watch 66,500-65,230
BTC-2.53%
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