$BTC MARKET UPDATE - MARCH 29

The Daily candle closed around $66K with an ugly structure, completely rejecting the previous bullish signals. Keep a cool head and strictly avoid FOMO.

📊 Timeframe Analysis:
• 1D Chart: The weak close indicates insufficient buying pressure to sustain the bounce. High probability of further chop or a downward liquidity sweep.
• 1W Chart: The macro trend is still shaky. Treat current bounces as technical relief rather than a clear trend reversal.

🎯 Key Levels:
• Resistance: $68,000 - $70,000
• Support: $65,000 (If $65K breaks, expect a deeper test around $63,000)

Conclusion:
Short-term momentum is fading after a bad daily close. There is no clear confirmation for a reversal yet. The best play right now is to sit on your hands and observe rather than taking early action.

Have a peaceful weekend!