Market Analysis 2026.03.03

Recently, I’ve been telling everyone that BTC’s rebound is not over yet. For those who heed the advice, even if you haven't gone long, at least you’re not stuck holding a bag. Last night, BTC broke through 68,200 and hit a new high of 70,096 before starting to pull back. What’s next?

Based on the current strength of the correction, there are two possible scenarios for BTC’s future movement:

Red: The correction is shallow. Today, BTC finds support at 677 or 671 and continues to push higher. Under this scenario, BTC is likely to break through the previous high of 72,200. Once it surpasses 72,200, the rebound structure that started at 60,000 will be complete. It can then end the rebound and start declining again. The 74-75 range is a strong resistance level.

Blue: The correction is more intense. BTC is retracing more sharply, falling below 671 or even erasing yesterday’s gains, but not breaking below the red support zone shown in the chart. Under this scenario, BTC’s upward potential will be limited.

Gann’s time cycle indicates that March 8 is the deadline for the rebound from 60,000 to end. Beyond this date, the probability of BTC breaking above 72,200 again in the short term will gradually decrease toward zero. The next time we see a high above 72,200 will likely be during the next rebound after breaking below 60,000 and finding a bottom. This could be several months away.

Both scenarios lead to the same conclusion: BTC is in the late stage of its rebound. Therefore, I plan to gradually take profits on spot and long positions when the time is right, and after confirming the end of the rebound on the right side, aggressively short the market. #btc $BTC