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March 10th Midday Bitcoin Public Outlook
Channel fluctuation, 70960 neckline/W bottom is the dividing line between bulls and bears; only consider bullish if volume breaks through 70900, and switch to bearish if it falls below the channel. Neckline/Key Resistance: 70960 (W bottom confirmed)
• Price Channel: Maintaining the channel keeps the W bottom valid; breaking below invalidates the W bottom, deepening the correction.
Bullish: Volume breakout above 70390 on the right side signals buying; stabilize above 70920 to target 71780-72360; break through 72360 to look at 73600.
Bearish: Volume breakdown below 69000 with a rebound that doesn’t recover on the right side signals selling; if it breaks below the channel, first target 67660, if it loses that, then 66780, and a break indicates a bearish trend.
Consolidation within the channel is acceptable; a pullback to the channel without breaking below makes the W bottom more stable.