$BTC

March 24 Market Analysis: Continued Expectation of Rebound Trend

The four-hour level of Bitcoin shows a rebound and supplementary rise structure. Based on the current market, this wave of supplementary rise is expected to form a three-wave ascending structure, with the current price at the end of the third wave.

The daily level overall shows a repeated bottoming and rebounding structure, and there are still higher expectations in the future market, which indicates a bullish trend.

According to the current trend, it has already broken through the channel resistance. A future pullback is necessary. The short-term upward trend line resistance is around 89200. If there is no breakout today, it is recommended to wait for a rebound to go long.

If a pullback opportunity arises today, it is suggested to focus on the lower area of 84800-84500-83600 for buying on dips. At that time, you can wait for signals to seize the opportunity for a rebound and continued rise.

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