March 23 BTC Swing Trading Strategy

Long Setup: Place long orders at 68000 support level, stop loss at 67200, targets at 69500/70900/72000, risk-reward ratio 1.8x. 68000 is a psychological round number and previous dense trading zone, combined with oversold funding rates, there is a technical rebound opportunity.

Short Setup: Place short orders at 70900 resistance level, stop loss at 71600, targets at 69500/68000/66500, risk-reward ratio 2.1x. 70911 is a strong resistance that has failed multiple tests; if the rebound is blocked here, follow the trend and place short orders.

Recommendation: Choose based on actual price action. If price directly tests and stabilizes at 68000, go long. If it rebounds first to 70900 with weak momentum, go short. Current trend is bearish, short positions have relatively higher win rate.