On the morning of March 25th, BTC is maintaining narrow-range consolidation below $71,000, with short-term showing an oscillating pullback structure. Following yesterday's surge and decline, market sentiment is cautious, with bulls and bears intensifying their contest at key support levels.
The 4-hour cycle is operating at the end of a standard convergence triangle: the lower support has been gradually rising from 67,307, the upper resistance has been progressively narrowing from 74,771, and the current price is approaching the upper resistance zone of the triangle, about to enter a critical point for directional selection.
Operating Strategy
Short: Upon rebound to the 71,500-72,000 zone with resistance, open a light position short, set stop loss above 72,500, target 69,800.
Long: Upon pullback to the 69,500-70,000 zone with stabilization, open a light position long, set stop loss below 69,500, target 71,500.
On the morning of March 25th, BTC is maintaining narrow-range consolidation below $71,000, with short-term showing an oscillating pullback structure. Following yesterday's surge and decline, market sentiment is cautious, with bulls and bears intensifying their contest at key support levels.
The 4-hour cycle is operating at the end of a standard convergence triangle: the lower support has been gradually rising from 67,307, the upper resistance has been progressively narrowing from 74,771, and the current price is approaching the upper resistance zone of the triangle, about to enter a critical point for directional selection.
Operating Strategy
Short: Upon rebound to the 71,500-72,000 zone with resistance, open a light position short, set stop loss above 72,500, target 69,800.
Long: Upon pullback to the 69,500-70,000 zone with stabilization, open a light position long, set stop loss below 69,500, target 71,500.