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March 8th Midday Bitcoin Outlook
Hourly triangle breakdown, bearish trend; previous lows not broken, sideways with weakness.
Price only stops falling when re-entering the triangle; rebound occurs only after stabilizing above 67424; breaking below 66290 opens downtrend space.
Trading Suggestions:
Break above 67424 with volume and hold steady, go long on the right side; target 68234-69000; stop loss around 66800
Break below 66622 with volume and fail to recover on the rebound, go short on the right side; target 66005-65107; stop loss at 67424