# Market Analysis on 3.23: Time to Test the Trendline, Bitcoin Hold Strong!

The weekend price action saw Bitcoin finally fail to break above 70,800 effectively, sliding down to around 67,000. Bitcoin is gradually probing toward the lower track, and everyone now understands the importance of this major-level trendline. An effective break below the daily trendline would signal a new round of downtrend, while holding here provides another opportunity to probe toward the midline and even the upper track. Therefore, the price action over the next two days is crucial. Let's make a scenario: perhaps U.S. stock market opens lower, causing Bitcoin to first touch the trendline support at 66,600, then rebound?

$BTC Bitcoin's support levels today are at 66,600 and 66,100. For long positions here, the stop loss naturally is breaking below the hourly candle's previous low of 65,500. If it's a false break, it would go to 64,200 before rebounding. The resistance above is watching whether 69,800 gets a wick pullback.

$SOL For Solana, the 85 support I mentioned last week has arrived. It would be best if we can rebound from here. If not, support is at 82, with resistance above at 89.6 and 92.6.

$ETH For Ethereum, within the current price range to 1995, we're first looking for a rebound. Support below is 1,960, with resistance above at 2,115 and 2,140.

In summary, Bitcoin is choosing to break below the midline on the daily chart and approaching the lower track and trendline. Logically, holding here will lead to a rebound, so this is the logical support for finding rebounds at the current level. An effective break of this trendline on the daily could trigger a new round of decline. The overall market logic isn't complicated—it's just about who can find the most accurate entry position and who can hold it to ultimately profit!

(Follow the Colonel for the latest daily market analysis and precise wick levels. Long and short are for reference only for viewers—implement strict stop losses and take profits.)