3-12 Evening Analysis



Bitcoin's long and short positions remained deadlocked yesterday. Although the price surged to around 71,300 following the CPI data release, it subsequently encountered resistance and pulled back, with the breakdown of the high point indicating failure. From a chart perspective, selling pressure is concentrated at higher levels, and the bullish momentum is evidently insufficient. The overall weak pattern remains unchanged, and the current rebound is merely a corrective move within the downtrend, not a trend reversal signal.

Regarding operational strategy, it is recommended to focus on selling into rebounds at higher levels, strictly control risk, and maintain a steady positioning approach.

Trading Suggestions

Short around 70,500–70,800, target 68,000–67,000
BTC0,52%
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