2026-03-07 06:04:57

[70,000 Lost! BTC Bulls Retreat to the 67,000 Defense Line]

Previously, it was analyzed that after Bitcoin hits the 74,000 resistance, the strategy should shift towards defense. The rebound expectation is limited, and it’s more reasonable to pull back and look for support. The market also aligns with our view, even breaking below the short-term moving average support at 70,000, showing clear weakness!

We will continue to observe from the perspective of the triangle structure. Currently, Bitcoin is testing the upper boundary support of the triangle, around 67,000. This remains an important line of defense for the bulls.

If the daily closing price falls back inside the triangle, the last line of defense can only rely on the support at the lower boundary, around 64,000, which is essentially the bulls’ critical survival line.

If this level is effectively broken, the probability of making a new low will greatly increase. We will then look for rebound opportunities around 58,000-59,000!

ETH-4.48%

BTC-4.02%

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橙子研究院

2026-03-05 06:00:34

【CME Gap 79660-81210, the ultimate target of this rebound?】

Bitcoin has been highly volatile in the past two days due to news about the Middle East conflict, with the market fluctuating sharply and experiencing several false breakout and false breakdown signals. Short-term trading is quite challenging, but from a long-term perspective, the trend remains clear. We are still following the previously projected script, successfully breaking through and reaching the first resistance level around 74,000, with accurate prediction.

As the market reaches this level, it’s important to focus on defense. First, we clarify that this is only a rebound. Due to heavy resistance above and constraints from industry cycles and liquidity, the rebound expectations are also limited.

At least around 74,000, there should be some consolidation and resistance. Emotional funds might push the price briefly to 75,000, but a pullback is more reasonable in the end, with support near 70,000.

With valid support, there’s a possibility of further upward movement. If broken, the market will likely enter a correction and consolidation phase.

Optimistically, the rebound’s endpoint continues to reference the CME gap 79660-81210. This gap is difficult to fill in one go, and overcoming it will be very challenging. If the price can reach this level, it’s a good opportunity for swing trading!

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