4.3 Bitcoin Roadmap and Recommendations

Bitcoin's current price is fluctuating between $66,500 and $67,000, with a slight intraday increase of 0.22% to above $67,000. It briefly dropped 3.6% to $65,709 earlier today, then rebounded slightly. The overall market shows a weak consolidation pattern, with cryptocurrencies broadly declining.
Key Technical Level Analysis
Support Levels: $65,500-$66,000 is the current critical support zone. If the daily close falls below this area, the price may test $65,000 or even $60,000-$63,500.

Resistance Levels: $68,500-$69,200 forms short-term resistance, with $70,000-$72,600 being the key resistance zone.
Technical Indicators: Daily RSI is around 42, MACD shows a death cross downward, and short-term moving averages are in a bearish alignment.

Key factors potentially influencing tonight’s trend include geopolitical risks, with Trump warning of "extremely fierce" actions against Iran in the next 2-3 weeks, and ongoing Middle East conflict uncertainty suppressing risk assets. Macro environment factors include oil prices soaring above $111 per barrel, intensifying inflation pressures, and market expectations that Fed rate cuts may be delayed. Important data such as tonight’s US March Non-Farm Payrolls could serve as catalysts for short-term market direction. Market sentiment and liquidity are cautious, with the Fear & Greed Index at 28, indicating "fear" territory.
In the past 24 hours, the entire network experienced liquidations totaling $386 million, involving over 180k traders, with longs liquidated for $230 million.
Institutional funds are contrarily deploying through spot ETFs, diverging from retail panic selling.
Evening Trend Forecast
If support at $65,500-$66,000 holds, the price may continue to oscillate between $66,000 and $68,000, awaiting Non-Farm Payrolls guidance.
If the support at $65,500 is broken, the price could drop to $65,000 or even $60,000.
If the resistance at $68,500-$69,200 is effectively broken, the price may test the psychological level of $70,000.
Risk Warning: Geopolitical developments remain the greatest uncertainty; worsening conditions could trigger further sell-offs.
Technical Breakdown Risk: If BTC closes below $65,900, it may test $65,000 or even $60,000.
Non-Farm Payrolls data could be a key catalyst tonight; market reactions post-release should be closely monitored.

Investment enthusiasts are advised to strictly control risks, focus on the defense of the $65,500-$66,000 support zone, and pay attention to how Non-Farm Payrolls data impacts market sentiment.