3-13 Morning Market Analysis



The morning sharp rally is difficult to sustain. Bitcoin rushed higher and touched the key resistance at 71900 before rapidly declining, with limited rebound space and strong suppression from previous highs. This rebound is only a short-term technical correction, not a trend reversal. The high-level volatile oscillation pattern remains unchanged, with high-level short bias still being the core strategy!

From a chart structure perspective, after the price surge higher and rapid decline, it indicates that long momentum is insufficient, selling pressure above is heavy, and breaking through the previous high resistance in the short term is unlikely. The overall market remains in a wide-range volatile consolidation phase, with price movement rhythm mainly characterized by high-level pressure and pullback. In operations, avoid blindly chasing long positions and strictly follow the principle of trading with the trend.

Trading Recommendations
Short near 72000-72500, target around 69000-69500
BTC2.32%
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