3-11 Morning Market Analysis

Yesterday's Bitcoin short positions were perfectly harvested, entries were precise, and exits were decisive. Those who followed along all achieved steady profits. Let the profits speak for themselves!

Technical Analysis
On the four-hour chart, the price is approaching the 70,000 level with strong resistance, and the rebound momentum is gradually weakening; KDJ is entering the overbought zone with a clear downward turn signal, indicating insufficient upward momentum. Although MACD shows a golden cross, the red histogram bars are shrinking, suggesting weak bullish strength. This rebound is more of a technical correction after a previous decline and is unlikely to break through the key resistance.

Trading Suggestions
Short in batches around 70,500-71,000, targeting 68,000-68,500.