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March 12
● Support Levels:
● First Support Level: 68,977.4 USDT (24-hour low), a key point in the short-term bulls and bears contest.
● Strong Support Level: 65,616.3 USDT (notable low on the chart), if the price falls below 68,977, it may further test this level.
● Resistance Levels:
● First Resistance Level: 71,320.0 USDT (24-hour high), the main obstacle for the current upward movement.
● Strong Resistance Level: 73,559.7 USDT (high point in the top left corner of the chart), if broken above 71,320, it may challenge this historical high.
From the candlestick pattern, the price is oscillating within the 65,616 to 73,559 range, currently in the lower middle position. The short-term trend is somewhat weak, so attention should be paid to whether the 68,977 support holds. If it breaks, further decline is possible; if it stabilizes, a rebound to test the 71,320 resistance is expected. $BTC $BTC