Bitcoin: Hold at 66K, Rebound or Reversal?

After experiencing $1.4 billion in options expiration and liquidation, Bitcoin briefly dipped to $65,500, hitting a two-week low. However, on March 28, the price rebounded to the $66,300–$67,000 range, a roughly 2% bounce within 24 hours.

From a technical perspective, $65,500–$66,000 is the current critical support/resistance zone—holding above this level suggests room for a rebound, while breaking below points to $60,000–$62,000. Resistance is concentrated at $68,000–$69,000; only a sustained move above this range would signal a pause in the downtrend.

The core factors driving this rebound are twofold: first, the release of selling pressure following options expiration; second, geopolitical tensions unexpectedly easing, prompting funds to flow back from gold and oil into risk assets. However, the current price remains below all major moving averages (10-day at $68,923, 200-day at $85,662), indicating the trend has not yet reversed.

Weekend strategy: Light positions around 66,000, aiming for long entries with stop-loss below 65,500; take partial profits if rebounding to 68,000. Keep some bullets in reserve, waiting for next week’s trend confirmation. #震盪行情交易策略