# 比特币

If Bitcoin cannot effectively rebound and continue to rise on the hourly level, then the focus should shift to managing the bullish risk. You can short if Bitcoin breaks below the 1-hour support level at 69,331#比特币

The rebound in the market is a normal correction. Don't blindly chase longs. The market is still in a correction phase within the 4-hour timeframe #比特币

🚀 Bitcoin Massive Volatility! Can $69,676 Become a New Starting Point?
BTC staged another roller coaster today, currently trading at 69,676 USDT with a 24-hour decline of -2.50%. It dipped as low as 69,486 and surged to 74,288, with a swing of nearly 5,000 points! Is this pullback a washout or a topping signal?
📊 Technical Highlights
· MA5 (70,627) has crossed below MA10 (70,873), short-term moving average death cross, but support at 69,486 below remains strong. KDJ indicator shows a golden cross at low levels (K value 20.2, D value 27.7), a rebound is brewing.
· 24-hour trading volume 8,125

The recent decline is no coincidence; Bitcoin has hit a pressure line. It's encountering resistance along the trendline and declining in a very orderly manner. This decline will likely first come to the lower end of the consolidation zone. Once it breaks through, the consequences could be severe! Will it break through?
I think the probability is quite high because the previous descending flag pattern broke after the Federal Reserve's interest rate decision. Additionally, after the previous 4 rate decisions, Bitcoin declined for 1-2 weeks each time. The situation this time doesn't look optimist

3.19: Bitcoin Failed to Hold Position, Clear Intention to Retreat
Bitcoin has formed a false breakout followed by a bull trap pullback on the daily chart. If the real intention was to push higher, the price should have held its ground after breaking through the one-month oscillation resistance at 73,000 on March 17th, then accelerated upward toward 90,000, capturing the spread from low-position accumulation chips. However, this process hasn't materialized, so we need to continue viewing this as a false breakout and maintain a bearish stance.
In terms of pattern, the daily K-line is also constr

#比特币 70000 is unlikely to break through, currently showing divergence at the bottom of the consolidation above 70000, with no completion signal appearing yet. Based on the previous thinking of breaking through 75000, short-term pullbacks theoretically won't break the whole number support level. This position is also a key support moving average for the larger cycle, and it's highly probable it will hold at the first and second support levels. Do not chase shorts. Now it depends on whether this pullback can end above 70000. The key resistance level maintaining the downtrend is 71575.