3.25 Wednesday Morning Latest Bitcoin Strategy, Shorting Within the Day

Yesterday's exhausting volatile momentum was confirmed after the US stock market opened lower, with bears responding and pushing prices down continuously until early morning when it fell to around 6880. Yesterday's bearish outlook and short positions were validated once again - all our persistence has paid off.

Currently, big Bitcoin has rebounded above 70,000 again. In the short term, neither bulls nor bears have sustained momentum; instead, prices are trading within a range. So regardless of bullish or bearish bias, as long as the range isn't broken, it will continue. Current short-term resistance is around 7150 region, support is around 8900 region. Within the day, as long as this range isn't effectively broken, both longs and shorts can participate.

In the morning, Bitcoin can be shorted in batches around 7100-7150. Target downside is 6950-6850 range. If prices don't sustain the downside, go long directly.