3.12

Early morning Bitcoin surged to around 71,300 but faced strong resistance and quickly pulled back, then retested the W support level and entered a narrow range consolidation. In the short term, bullish momentum is clearly weakening, and selling pressure at high levels continues to increase, resulting in a high-level oscillation with a weak overall pattern.

From a 4-hour perspective, there is a strong resistance zone above. If volume cannot pick up and stabilize, the market is likely to continue oscillating downward in the future. Trading strategy should focus on shorting rebounds and buying dips, strictly controlling position sizes and stop-loss levels, and staying alert to key support breakouts for flexible responses.

Trading Suggestions

BTC
Short on rebounds at 70,500–71,300 in batches, targets at 69,500 → 68,500 → 67,000

ETH
Short on rebounds at 2,060–2,100 in batches, targets at 2,010 → 1,960 → 1,900$BTC $GT