March 13 Daily Outlook

Bitcoin has exhibited a stepwise consolidation pattern this week. After a strong rally on Sunday that broke away from the bottom, it did not experience a deep retracement. Instead, it used time to perform technical repairs, remaining within a narrow range between 68,500 and 72,000, with bulls and bears increasingly balanced.

Currently, the market's oscillation center is steadily moving upward, and the support within the range remains effective. The bullish pattern has not changed. Moving forward, focus on whether the 72,000 level can be broken with increased volume. If it stabilizes above the upper boundary, it may open a new upward trend; maintain a slightly bullish outlook with oscillation and wait for a clear direction.

Trading Suggestions:
Buy near 69,000-69,500, with the first target at 72,000; if broken, look toward 74,000.