3/26 Midday Bitcoin Outlook 🍉

Although Bitcoin broke through the previous high of 71777 and created a new high, it failed to establish itself above, instead forming three upper wicks and creating a trident 🔱 pattern before pulling back, directly breaking below the 71490 support level.
Two subsequent bounces attempted to return above 71490, but both failed to hold, with the bulls showing obvious weakness.

Currently, the price action is running along the lower edge of a triangle, which is a key neckline level. To continue rising, the triangle support cannot be broken; consolidation within the range is necessary to gather strength for an upside break.
Once the triangle breaks below, the 70057 support will be lost in turn, triggering an internal M-top pattern with targets pointing directly to 68825.
If 68825 breaks below again, the hourly M-top is confirmed, and the next target is the previous low of 67307.

To regain strength, must break above and establish support above 71325, otherwise an uptrend is out of the question.

Operation Suggestions:

• Volume breakout above 71325, chase longs on the right side

• Volume break below 70602 and fails to return on retest, chase shorts on the right side
Strictly use stop losses.

Hourly level holds above 71325, watch 71989–72940
4-hour level breaks below 70742, watch 69347–68025
$BTC #Gate正式接入Polymarket