VIEW $BTC 24/03/2026.
Yesterday we leaned towards the scenario of going up and then selling down, as the market was still weak and money was largely parked in stablecoins. But today the market has changed, and the view is relatively clearer:
- BTC has reclaimed 70k, TOTAL has surged, and USDT.D has dropped, indicating that money has returned to the market.
- Therefore, our team needs to adjust the view from bearish to short-term bullish on the 1H timeframe, and the pair we need to trade is still BTC, not altcoins, as money has not entered altcoins yet.
Today's view 24/03: prioritize long over short.
BTC has reclaimed 70k, TOTAL has surged, and USDT.D has dropped, indicating that money has returned to the market and is no longer parked in stablecoins like yesterday.
- Funding has also turned slightly positive, meaning sentiment has shifted towards the long side.
- The heatmap is currently pulling prices up to the 71.8k–72k range, so today's priority direction remains bullish.
In conclusion: The current price is around the 70K3 range, which means maintaining the 70k price level, so we remain short-term bullish, prioritizing long entries on retests.
If we lose 69.8k, this view weakens. Today BTC is still stronger than altcoins.
Action plan:
Do not short against the trend at the current level. Prioritize long entries on retests around 69K8 - 70K if maintained. If the price breaks strongly above 70.8k, it may continue to sweep up to the 71.8k–72k range. Do not chase long entries when the price is close to the large liquidity zone above.
Ad's preferred scenario:
Prices hold above 70k, then continue to rise to the 71.8k–72k range.
