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3.30 Bitcoin Outlook
The price dipped to a low of 64,918.2, broke below the lower band, then quickly recovered, forming a false breakout, indicating strong buying support below and limited short-term downside potential.
The market is oscillating slightly upward, with prices battling between the middle and upper bands. Bulls have some recovery momentum, but the key resistance level is at 66,900-67,000. Until a breakout occurs, it should be viewed as a consolidation.
Bitcoin: When rebounding to 66,500-67,000, consider shorting with the trend. First target is 65,000, second target is 64,000. If it breaks below 65,000, consider going long with the trend. Prioritize the rebound high shorting strategy; it is not recommended to bottom fish for a reversal.