Bitcoin March 15 Market Analysis – Key Level at 69,800 (Must Read) #比特币站上七万美元 #比特币

Chart 1:
Currently, the market is in a 12-hour range-bound consolidation. Bitcoin has repeatedly formed top and bottom structures at this level. Regardless of whether Bitcoin will rise or fall in the future, it is certain that it will eventually break away from this range. Therefore, the critical breakout points to watch are the upper resistance and lower support levels.

Chart 2:
At this moment, the market is on a 4-hour timeframe, consolidating above the midline. The 4-hour chart is also in a high-level short position. The important support level for the 4-hour chart is 69,800. If the price breaks below 69,800, we need to be cautious and manage long position risks. As long as the price remains above this level, the long positions are safe during the 4-hour consolidation. When the price falls below 69,800, we should also look for short opportunities.

Chart 3:
Currently, the market is on a 2-hour timeframe. The 2-hour MACD has just completed a zero-line reset. We need to pay attention to whether the 2-hour level can effectively rebound and sustain the rally. Even a quick V-shaped reversal from a false breakout is acceptable. Therefore, the 2-hour level is very critical for the 4-hour chart. The trend at the 2-hour level directly influences the 4-hour consolidation.

Chart 4:
At this moment, the market is on a 15-minute timeframe. The price is at a key turning point within the 15-minute range. We need to observe whether the consolidation at position 1 can continue to support the upward movement to complete the 2-hour rebound. If the price fails to sustain the rise and breaks below the 15-minute lower boundary at 70,342, risk management for long positions is necessary, indicating the 2-hour rebound has failed. In that case, a short position can be initiated at 70,342.

Chart 5:
Currently, the market is on a 5-minute timeframe. The 5-minute level is within the 15-minute structure, releasing energy. The current position is at the 5-minute zero-line reset. You can open long positions here, with a stop-loss placed at the 15-minute lower boundary of 70,342, to ride the upward trend.