3.12 Morning BTC Market Analysis

From the 4-hour chart, after the previous price broke above the upper band and faced resistance, it pulled back. Currently, it is temporarily stabilizing near the middle band, but the rebound momentum is gradually weakening. Short-term resistance above is concentrated in the 71,500–72,000 range. If it cannot effectively hold above this resistance level, the recommended strategy is to follow the trend for short-term short positions and consider long positions as supplementary.

Trading Suggestions
Gradually establish short positions around 71,000–71,500, targeting 69,000.