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March 6th Midday Bitcoin Public Outlook
Hourly breakdown below bearish flag pattern, retesting previous high at 70117 with effective support, currently rebounding.
Double bottom probe below awaiting confirmation: must break through 71623 neckline and create a higher high for the pattern to be valid.
Bullish trendline support: 70000, a break below signals a deep correction.
Trading suggestions:
Break through 71623 with volume, retest and confirm before going long; target 72731–73381
Break below 70562 with volume, rebound fails to recover, then go short; target 69365–68189
Hourly: Hold above 71623 → watch for 72731–73381; if unable to rise, rebound will be weak
4-hour: Break below 70393 → watch for 69365–68189