Today's BTC Market Update (March 12)
As of 18:40, BTC is around $70,400, with a 24h range of $68,978–$71,321, trading within a narrow range. The daily chart shows three consecutive green candles but with narrowing gains, the 4-hour MACD has formed a death cross, the hourly chart is oscillating between $69,500–$71,150, with significant selling pressure above $71,500 and key support at $69,000 below. CPI data will be released tonight, the market is cautious, and long-short battles are intensifying.
Trading Strategy (Short-term, Light Position):
Long: If price pulls back to $69,000–$69,300 and st
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