March 30th Bitcoin Morning Public Strategy

After hitting a low of 64,900 in the morning, Bitcoin's price chart formed a W bottom reversal pattern. Consecutive bullish candles broke through key resistance levels at 65,500, 66,000, and 67,000. The 1-hour moving averages crossed bullishly, confirming an upward trend.

From a technical perspective, the MACD on the hourly chart shows a sustained increase in the red histogram after the bullish crossover, indicating strong bullish momentum. The RSI is currently around 65, approaching the overbought zone, so watch for a short-term slight pullback. The Bollinger Bands are running along the upper band with the bands widening, suggesting the trend is likely to continue.

Trading suggestion: Pull back to 67,000-66,500 to enter long positions, targeting 67,500-68,000. Once broken, look for 68,500.