š BTC/USDT ANALYSIS: BULLS VS BEARS AT $70K! š
Market Update (March 1, 2026):
Bitcoin is showing signs of life after a long corrective phase. We are currently seeing a "sideways grind" but with a bullish MACD crossover on the daily chart. The key hurdle remains the $70,000 psychological level. A weekly close above the 200-week EMA ($68,330) could trigger a massive rally towards $80k in March.
+1
š Trade Type: Swing Trade (Spot/Futures)
š„ Entry Zone: $66,800 - $67,500
šÆ Target 1: $69,000 (Immediate Resistance)
šÆ Target 2: $72,400 (Local High)
šÆ Target 3: $75,000 (Major Breakout Zone)
š Stop-Loss: $64,200 (Below recent support)
š Technical Indicators:
Support: $66,000 is acting as a solid floor for now. If this breaks, we might see a retest of $63k.
Resistance: Huge sell walls are sitting at $69k and $70k. Bulls need strong volume to flip these levels.
Sentiment: The market is watching the CLARITY Act deadline in the US today. Any positive news could cause a sudden "God Candle" to the upside.
ā ļø Risk Warning: February was the 5th consecutive red month for BTC. While March looks promising, volatility will be extreme today.
Keep your leverage low (3x - 5x max).
Are you betting on a Green March or more consolidation? Letās hear your thoughts below! š
