2026-03-10 23:35:59

Bitcoin experienced a strong rally this morning, reaching around 70,550, marking the highest level in this rebound. We initially planned to catch a short-term move in the morning, but the market continued its strong trend, leading to unexpected short positions being entered. Currently, the price is retracing appropriately toward our short entry point, and given that the larger timeframe still favors buying, we can continue holding short positions while waiting for confirmation of the pullback. However, we should remain cautious of the upward trend.

On the four-hour chart, these gains successfully broke through the resistance zone of $69,300-$69,800, reaching the highest level since rebounding from the low of $65,800. As long as the price does not break below the support level created by a previous high at $69,000, the rebound structure remains intact. The positive MACD crossover continues to widen, and the green bars have not contracted significantly, indicating that upward momentum has not yet exhausted. On the daily chart, the price is above the EMA15 moving average, the buying channel is gradually opening, and on-chain data shows that large whales are still increasing their positions, with capital flows into major cryptocurrencies remaining steady.

Today, we focus on support in the $69,000-$69,500 zone. As long as the price stays above this level, the market remains under bullish control. Short positions can be maintained with a partial target at $69,000-$68,500 to take profits gradually, while raising the stop-loss above $70,800 to protect the position. If the price stabilizes above $69,500, the bullish trend will prepare to attack the $71,000-$72,000 range, and at that point, we can consider entering reverse buy positions. Strong support below is between $68,500 and $68,800; as long as $67,800 is not broken, the medium to long-term outlook remains bullish.

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CryptoHaoGe

2026-03-10 06:16:26

Bitcoin experienced a strong rally this morning, reaching a high of around 70,550, setting a new high for this rebound. We initially planned to catch a short-term dip, but the market's strong continuation led to a small short entry. Currently, the price has just fallen back to our short entry point. Considering the larger timeframe remains bullish, the short position can be held and wait for a pullback confirmation, but overall, we should remain cautious and respect the bulls.

On the four-hour chart, this rally successfully broke through the resistance zone of 69,300-69,800 USD, creating a new high since the rebound from the low of 65,800. As long as the price does not fall below the previous high support level of 69,000 USD, the rebound structure remains intact. The MACD golden cross is still expanding, and the green bars have not significantly shortened, indicating that upward momentum has not exhausted. On the daily chart, the price has already risen above the EMA15 moving average, and the northbound channel is gradually opening. On-chain data shows that whales are still increasing their holdings, and the capital flow back into mainstream coins remains unchanged.

Today’s key support levels are in the 69,000-69,500 USD range. As long as the price stays above this zone, the market remains under bullish control. Short positions can be continued with targets at 69,000-68,500 USD, taking profits in stages, with stop-loss moved up above 70,800 USD for protection. If the price stabilizes above 69,500 USD, bulls will gather strength to challenge 71,000-72,000 USD, and a reversal to go long can be considered. Strong support below is at 68,500-68,800 USD; as long as it does not break below 67,800 USD, the medium-term bullish outlook remains unchanged.

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