Bitcoin prices at the beginning of March experienced a phased increase, and yesterday it even broke through the 70,000 level, surpassing the range-bound zone, with a high of 74,000. The bulls showed a clear willingness to counterattack. However, there are many resistance points above, and further upward movement still requires gradual breakthroughs. This process needs time for validation.

The weekly chart is gradually strengthening now, with MACD bearish momentum weakening, showing a trend of attempting to rebound toward the midline. Today is Thursday; whether the market can stabilize remains uncertain, especially with non-farm payroll data to be released tomorrow night. Coupled with recent geopolitical news, the overall market remains very volatile. We hope the bulls can fully defend the strong pattern this week.

On the daily chart, the only issue is the failure to achieve a continuous bullish trend. Even when consecutive bullish days occurred earlier, it was already half a month ago, and at most, there were only two consecutive bullish days. The momentum has been insufficient, and the technical pattern remains suppressed. Therefore, it cannot yet be defined as a strong reversal. Additionally, recent bullish candles often turn bearish quickly afterward, so today’s daily closing pattern is crucial. If today closes with a bullish candle continuing the rebound, it indicates that the trend must stabilize above 74,500. Coupled with consecutive bullish days on the daily chart, this would be an effective breakout of the rebound, and the bulls will officially take the dominant position. Whether the bulls continue to attack or the market peaks and pulls back depends on today. It is essential to pay close attention—today is not an ordinary trading day!

The four-hour cycle is the core of market momentum. Only when the small cycle remains strong can it drive the daily and weekly charts to continue strengthening. Currently, the four-hour chart structure is clear, with four consecutive bullish candles climbing step by step, making subsequent pullback space very limited. The bulls remain the main theme of the market. If the market moves strongly, a pullback to the 71,500–72,000 range can be used to establish long positions for a rebound. This is the first ideal entry point for longs and a relatively safe point for a pullback to add positions. If prices unexpectedly weaken later, attention should be paid to the support at the 70,000 level on the daily chart, where the support/resistance flip occurs. Backup plans are ready; just follow the trend and operate accordingly! #BTC #ETH