$BTC Crypto Circle Academician: Can Bitcoin's rebound after dropping to 65,500 on 3.30 lead to a bullish reversal? Latest market analysis and strategic reference

Bitcoin is currently priced at 66,400. Its movement resembles a worker’s wallet—just a slight rebound and it gets pushed back down. Others are making full profits shorting at 71,500, while you’re caught in a bottom at 67,000, crying over losses. The difference lies in understanding the trend versus trading on instinct. Don’t panic; the market will give you opportunities. It’s all about controlling your hands—wait for the rebound to short again. After all, in a downward trend, a rebound isn’t the bottom; it’s a trap!

On the daily chart, Bitcoin’s MA20, MA30, and MA60 are arranged in a typical downward order, with prices continuously under short-term moving averages, showing strong resistance. After the MACD death cross, DIF and DEA are operating below the zero line. Although the green bars are shrinking, there’s no bullish crossover signal yet, indicating the downward momentum isn’t fully released. Currently, the price fluctuates between 66,000 and 67,000, forming a consolidation pattern after a breakdown. The short-term key support is at 65,000. If it breaks below, further testing of the 59,800 support level is likely.

On the four-hour chart, Bitcoin is forming a descending triangle pattern. The upper resistance is around 67,000 to 68,000, while the lower support narrows gradually to 65,000–65,500, nearing a breakdown edge. The price has tested the lower support multiple times, but buying strength remains weak, limiting the rebound height. MA60 continues to diverge downward, confirming a medium-term downtrend. If the lower support is broken, further downside space opens. The short-term strong resistance is at 67,500. Breaking above the previous high remains the same bullish idea.

Short-term strategic reference: Follow the larger cycle trend, with quick stops and quick entries/exits.

(Alternative) Buy in batches below 66,000 to 65,000, with a stop loss at 64,800. Target 67,000–68,000 cautiously for a northward move.

Above 67,000–68,000, with a stop loss at 68,500, target 65,000–66,000. If broken, look toward 60,000.

The crypto market has always been about the early birds eating the meat, the latecomers drinking the soup, and the unaware taking the bait.

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