Monday, good morning to a new day!

Bitcoin's downward trend last week halted after testing the 76,500 line with a spike, eventually breaking through short-term resistance after oscillating back and forth in the 80,000-84,000 range by the end of the week, with upward pressure. Over the weekend, it mostly remained in a sideways correction rhythm. After a spike rebound in the early morning hours, it still couldn't stabilize and has seen another pullback, continuing to maintain a consolidation rhythm in the short term.

Currently, as market sentiment has somewhat eased, the bears have been somewhat contained. The only key factor that can stimulate a price breakthrough in the future is whether the Fed's dot plot indicates three or more rate cuts this year, and whether there will be a quick rate cut in May, along with a pause or even a halt in QT. Before this Thursday (March 20) early morning, market sentiment may continue to remain cautious, and the price will likely oscillate back and forth within the range. Meanwhile, as the daily K continues to be pressured at the middle track, pressure has once again reached the 85,000 line. In the 4-hour chart, the K-line just touched the upper track position last night before being pushed down and breaking below the middle track, with a bearish short-term rhythm. In the short term, pay attention to the lower track around 81,000; if it does not break below during the pullback, it may give a rebound correction. If it breaks below, the 80,000 mark may once again be lost.

On Monday morning, if Bitcoin pulls back around 81,000, you can try to take a long position and look for a rebound near 83,500, with the stop loss placed below the 80,000 mark. If it breaks below, decisively reverse to enter a short position, and the next support level to watch is around 78,600.