3.14 Saturday, Upward Pressure, Rebound Continues Short

On Friday at the node, BTC attempted to break through the previous high of 74000 again but failed to achieve an effective breakthrough. Subsequently, it declined and has now returned to the 70800 area. Although there is short-term pulling, it has not stabilized effectively. Upward pressure persists, and the market outlook remains bearish.

The current market sentiment is one of wide-range oscillation rhythm—a cyclical adjustment following a sharp decline. After attempting to probe the upper resistance at 74000 yesterday without success, a downward move followed, with strong resistance overhead. From the K-line perspective, after consecutive bullish candles, the price faced pressure and resistance at higher levels. The daily K-line shows a relatively long bearish candle, indicating insufficient bullish momentum. The rally was quickly reversed. Therefore, in the short term, attention should be paid to potential trend reversals and pullbacks. At elevated levels, following the trend and looking short is advisable, with the recent low at 63000 area as the focus.

Saturday morning advice: Short BTC at 71000-71300, targeting the 69000-68000 area.

The above analysis is merely a personal perspective. All observers are welcome to discuss! Investment carries risk; entering the market requires caution. There are no shortcuts in trading; do not seek overnight riches. Steady and stable progress is the true path to success. Wishing everyone smooth trading.
$BTC