Yifan 3.25 Bitcoin:

In the afternoon, Bitcoin stabilized around 69,100 after finding support, and has since rebounded to around 69,500. The long positions arranged in the afternoon are being held smoothly. From a structural perspective, 69,100, which has been tested multiple times previously, once again confirms the clear willingness of support at this level. The bottoming and rebound candlestick pattern provides a foundation for a rally.

From an hourly perspective, the price formed a long lower shadow at 69,100, signaling a halt in the decline. The short-term moving averages MA5 and MA10 are beginning to flatten and show signs of turning upward. The MACD bearish momentum continues to converge, and the fast and slow lines are tending to form a golden cross below the zero line, indicating that the downward momentum is gradually weakening. The RSI has rebounded from oversold territory to above 35, leaving room for further upward correction. The 69,000-69,300 zone is a key support area; as long as it is not effectively broken, the rebound structure remains intact.

The afternoon long positions supported by 69,100 can continue to be held. A short-term pullback to the 69,400-69,500 zone without breaking is still an opportunity to add to positions in the trend. The stop-loss can be set below 69,000. The first target is 70,000, and a breakout could lead to 70,500-70,800. The bottoming and rebound pattern is beginning to show, so patience with low-position longs is advised. If the level is broken, just cut losses immediately. #BTC #ETH