Bitcoin Short Term: continuation of the rebound

Mar 3, 2025 8:17 AM

long positions above 78000 with targets at 100000 & 109000 in extension.

Pivot: 78000
Our preference:
long positions above 78000 with targets at 100000 & 109000 in extension.
Alternative scenario:
below 78000 look for further downside with 66000 & 59000 as targets.
Comment:
a support base at 78000 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
114020
109000
100000
92305 Last
78000
66000
59000

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.

Related Instruments