March 28 Midday Bitcoin Outlook

Is Bitcoin stopping its decline? Currently, it's only a temporary halt; the key is whether the second rebound can hold above the previous low of 65,511. A break below that would signal a continuation of the downtrend.
The rebound needs to meet these conditions: a volume breakout above 66,532 and a new high, then it can target 67,358; if it fails to break through, expect sideways consolidation between 65,511 and 66,532.
If it breaks below 65,511, the consolidation pattern invalidates, and the next target is 63,919.
From 72,000 down to 65,000, nearly a 5,000-point correction, indicating a technical rebound is needed. After the rebound, choosing the direction is more reasonable. Pay close attention to external news disruptions over the weekend and maintain a prudent trading approach.

Trading Suggestions:
• Volume breakout above 66,532: go long on the right side
• Volume breakdown below 65,679 with no rebound: go short on the right side
• 1H: Hold above 66,532, target 67,433-68,254
• 4H: Break below 65,511, target 64,003-63,172
• Resistance: 66,532 → 67,433 → 68,254
• Support: 65,704 → 63,891 → 63,011
$BTC
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