3.15 Long-term Analysis for Next Week!

This week BTC surged and pulled back. Bulls urgently need to test the 74000 key resistance after retracing, which is consistent with last week! Currently consolidating around the 71700 level, with bulls and bears entering a critical battle period.

Chart Review

Strong rally during the week with a high of 73870, approaching the important reversal zone of 73750-74400 from the past two years.

This area has undergone multiple historical top-bottom reversals and is the strong resistance watershed for this rebound. After the short-term surge, profit-taking orders escaped, with price retracing to the 70250 support level as volume gradually contracted and selling pressure was released.

Technical Analysis

Daily: Rebound structure not completely destroyed, 70000 is the short-term bull-bear lifeline

4-hour: High-level pullback consolidation, indicators recovering, awaiting directional choice

Key Conclusion: Holding steady above 71500 indicates bullish bias

If BTC can effectively break through this zone, a new round of uptrend is expected to launch.

Next Week's Long-term Trading Suggestions

BTC

First position long below 70800, add positions around 71200

Target first at 73500, then 75000 after breaking through

ETH

Build long positions below 2060

Target first at 2200, then 2400 after breaking through