March 27th, Lunchtime Bitcoin Outlook

Bitcoin experienced a rebound after breaking below the price channel but failed to re-enter the channel, with the lower boundary at 69,485.
Only by reclaiming above 69,485 will the current downward trend be reversed; a break above 70,064 is needed for an official rebound, with resistance at 71,440. If 69,485 cannot be held, a rebound is unlikely.
Support is around 68,123.
If the second retest does not break below 68,123 and stays above 68,798, the current decline will be mostly over;
If 68,123 is lost, the decline will no longer be a simple correction but a trend reversal, with further downside to 67,320.
Trading suggestions:
• Break above 69,097 with volume, go long on the rebound
• Break below 68,507 with volume and fail to recover, go short with strict stop-loss
• On the hourly chart, hold above 69,097 → target 69,870–70,175
• On the 4-hour chart, break below 68,434 → target 67,380–66,208
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