3/22 Bitcoin Weekly Market Analysis

The overall market is currently in a consolidation phase at a major level, with the major level in the process of narrowing and choosing a direction. For future bullish outlook, it must enter consolidation once more on the 4-6 hour timeframe. Pay attention to whether the daily line can stand above the midline, and whether the 2-day line can hold the midline. If it can't hold, watch the lower band. Once it breaks: 65800, 64200/64000

Bitcoin resistance levels above: 69500, 70000, 71300/71500
71700, 72000/72500
73000, 73800, 74000/74500, 75200, 76300, 77300, 78300, 79500, 80000, 80500

Future bullish scenario:
a: If 15-minute 30-line doesn't break on pullbacks, can continue going long
b: Currently the major level is bearish consolidation. As long as can't stand above the 4-hour 30-line and midline, don't expect large rallies

Breakout level 1: 70000 watch 70500, 71000, 71300
Breakout level 2: 71300 watch 71500, 71700, 72000
Breakout level 3: 72000 watch 72500, 72800, 73000
Breakout level 4: 73000 watch 73800, 74000, 74500
Breakout level 5: 74500, 75000, 75500, 76000
Breakout level 6: 76500 watch 77500, 78300, 79500/79700
Breakout level 7: 80000 watch 80500, 81500, 82000

Future bearish scenario:
a: Watch if 2, 3, 4-hour levels break downward
b: On rebounds, as long as 30-line and midline don't break, can enter short with stop loss

Support levels below: 69300/69000, 68500, 67300, 66200, 65200, 64000, 63300

Breakdown level 1: 68000 watch 67500, 66500, 66000, further downside break, daily lower band 65800
Breakdown level 2: 64000, 2-day line 63500, 62500, 62000
Breakdown level 3: 62000 watch 61500, 61000, 60500, 60000
Breakdown level 4: 60000 watch 59500, 59000
Breakdown level 5: 59000, 58500, 57700, 57100, 56500, 56000, 55000

Attention ⚠: Heavy positions must include stop loss at 350 points. Strictly follow position management rules
⚠: Support and resistance levels can swap anytime