BTC/USDT – Daily (1D timeframe)

5do7...RvRN
3 Mar 2026
40

Today, we have switched to BTC/USDT – Daily (1D timeframe) at $68,188.
This timeframe is much more important than the 15m charts you showed earlier. Let’s break it down properly 👇

📉 Bigger Picture Structure (Daily)

What happened:

  • Major drop from ~95,600 → 60,055
  • That was a strong bearish correction
  • Now price is consolidating between 64k – 70k

This is currently a range after a heavy downtrend, not a confirmed bull trend yet.

📊 Moving Averages (Daily)

  • MA10 ≈ 66,745
  • MA30 ≈ 68,465
  • MA60 ≈ 79,317

Interpretation:

  • Price is slightly above MA10 (short-term strength)
  • Price is fighting MA30 (resistance area)
  • Still far below MA60 → long-term trend still bearish

This is a recovery phase inside a larger downtrend.

🔥 RSI (Momentum)

  • RSI ≈ 55
  • Recovered from oversold zone

Meaning:

  • Selling pressure has cooled
  • Momentum turning neutral-bullish
  • Not overbought yet → room to move higher

📦 Volume

  • Huge spike during crash to 60k (capitulation)
  • Volume now smaller → market cooling
  • No explosive bullish volume yet

This suggests accumulation, not breakout (yet).

🧱 Key Levels (Very Important)

🔵 Major Support

  • 64,000 (range low)
  • 60,000 (major support & psychological level)

🔴 Major Resistance

  • 69,500 (recent high)
  • 72,000 strong resistance
  • 80,000 (MA60 zone)

📌 Most Likely Scenarios

Scenario 1 – Range Continues (Most Likely Now)

BTC moves between 64k – 70k for days/weeks
Accumulation phase.

Scenario 2 – Bullish Breakout

Daily close above 70k–72k
→ Next move toward 75k–80k

Scenario 3 – Breakdown

If 64k breaks
→ Quick move toward 60k again.

🧠 Market Context (Important)

From your previous charts:

  • SOL = strong short-term bullish
  • XRP = weak
  • Gold = recovery
  • BTC = ranging recovery

This tells me: Altcoins are trying to move, but BTC hasn’t confirmed full bullish structure yet.
When BTC is ranging:

  • Some alts pump
  • Some bleed
  • Market becomes selective

🎯 If You’re Building Long-Term Stability

Since you said before you're trying to build something stable long-term:

  • This zone (64k–68k) is not bad for gradual spot accumulation.
  • But aggressive leverage here is risky.
  • Confirmation for true bull return = reclaim 72k+ on daily.

If you want, I can now:

  1. Tell you whether this looks like accumulation before a bull run
  2. Estimate where capitulation likely happened
  3. Compare BTC vs SOL strength
  4. Give you a swing plan (2–6 weeks outlook)

Which one do you want?

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