Currently, it has broken below the 67809 neckline and 66577 support, with the bullish consolidation zone fully breached. A lower low has formed, and the bearish flag pattern has been broken; the lower boundary of the flag at 66077 acts as strong resistance. The first test at 64875 below has been completed; if the rebound is weak, a second test is expected.
Trading Suggestions: • Hourly breakout with volume + hold above 66077 on the right side for long positions • Targets: 66888 → 67735 • Volume breakdown below 65689 + failed rebound, then look for short entries on the right side • Targets: 64793 → 63918
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
March 28 Midday Bitcoin Public Outlook
Currently, it has broken below the 67809 neckline and 66577 support, with the bullish consolidation zone fully breached.
A lower low has formed, and the bearish flag pattern has been broken; the lower boundary of the flag at 66077 acts as strong resistance.
The first test at 64875 below has been completed; if the rebound is weak, a second test is expected.
Trading Suggestions:
• Hourly breakout with volume + hold above 66077 on the right side for long positions
• Targets: 66888 → 67735
• Volume breakdown below 65689 + failed rebound, then look for short entries on the right side
• Targets: 64793 → 63918