Bitcoin March 15 Market Analysis - Critical 69800 Level. (Must Watch) #比特币站上七万美元 #比特币

Chart 1:
Currently, the market is showing a 12-hour level range-bound pattern. Bitcoin has formed multiple top and bottom structures at this level. Whether Bitcoin rises or falls in the future, it's certain that it will eventually break out of this range-bound consolidation. Therefore, the key pivot positions we need to focus on are the upper channel resistance and the lower channel support.

Chart 2:
Currently showing a 4-hour level chart. The 4-hour price action is consolidating above the midline. The 4-hour level is also in a high-level bearish state. The critical support level for the 4-hour timeframe is 69800. If the price breaks below 69800, we need to pay attention to risk management for long positions. As long as there's no break below this level, any consolidation above the 4-hour timeframe remains safe for longs. When price breaks below 69800, we should also watch for shorting opportunities.

Chart 3:
Currently showing a 2-hour level chart. The MACD on the 2-hour level has just completed a zero-line adjustment. Therefore, what we need to watch is whether the 2-hour level can achieve an effective rebound and continuation. Even a quick V-shaped reversal with a fake short squeeze is acceptable. For the 4-hour perspective, the 2-hour level is very critical. The 2-hour price action directly impacts the 4-hour consolidation. The 2-hour level can achieve an effective rebound and continuation. Even a quick V-shaped reversal with a fake short squeeze is acceptable. For the 4-hour perspective, the 2-hour level is very critical. The 2-hour price action directly impacts the 4-hour consolidation.

Chart 4:
Currently showing a 15-minute level chart. The price is at a 15-minute range pivot. What we need to focus on is whether the price momentum at position 1 can continue to rise and complete the 2-hour rebound. If the price fails to continue rising and breaks below the 15-minute lower band at 70342, we should control the long risk, which means the 2-hour rebound has failed and we can open short positions at 70342.

Chart 5:
Currently showing a 5-minute level chart. The 5-minute level is releasing within the 15-minute level. The current position is a 5-minute zero-line axis adjustment. We can go long at this position with stop loss placed at the lower band 70342, then follow the subsequent uptrend.