《3.23 Market Analysis: It's Time to Test the Trendline, Bitcoin Hold Strong!》

Over the weekend, Bitcoin finally failed to effectively break through 70800, sliding down to around 67000. Bitcoin is gradually exploring towards the lower band, and everyone now understands the importance of this major-level trendline. An effective break below the daily trendline would trigger a new round of downtrend, but if we can hold here, there's still an opportunity to test the midline and even the upper band again. Therefore, the price action over these two days is crucial. Let me set up a scenario: perhaps as US stocks open lower, Bitcoin first touches the 66600 trendline position, then rebounds?

$BTC Bitcoin's support today is at 66600 and 66100 positions. For long positions here, the stop loss would naturally be a break below the hourly candlestick's previous low at 65500. If it's a false break, it would go down to 64200 before rebounding. Upside resistance at 69800 to watch for potential pullback.

$SOL For LINK, the 85 support I mentioned last week has been reached. Ideally it can rebound from here, if not it continues down to 82 support. Upside resistance at 89.6 and 92.6.

$ETH For Ethereum at the current price level within the 1995 range, we first look for a rebound. Downside support at 1960, further upside resistance at 2115 and 2140 positions.

In summary, Bitcoin on the daily chart is choosing to break below the midline and lean towards the lower band and trendline position. Logically, holding here would result in a rebound, so this is the logical support for finding a rebound in the current market. An effective break of the trendline on the daily could trigger a new round of decline. The overall market logic isn't complicated—it's about who finds the most accurate entry position and who can hold on to ultimately profit!

(Follow for daily market analysis and precise pin-point levels. Long/short positions are for reference only, strictly implement stop loss and take profit.)