3.4 Wednesday's latest Bitcoin and altcoin thoughts: Is it a high point?

After the market surged past the 70,000 mark and then pulled back, it retreated to around 66,000 before entering a consolidation phase again. Currently, it has risen back to around 71,700. This bullish trend is nearing its end, so the focus should now be on shorting opportunities.

Since stabilizing above 63,000, the market has been oscillating upward with a stepwise rebound, maintaining a steady rhythm rather than a one-sided surge. Although it is approaching the 70,000 level again and may attempt a short-term breakout, it is unlikely to start a new trend. The four-hour chart shows continued upward movement, but OBV volume has not kept pace, indicating a volume-less rally. There is still a risk of pullback under strong resistance.

Short positions on Bitcoin at 72,500-73,500, with targets at 68,000 and 67,000;
Short positions on altcoins at 2,120-2,170, with targets at 2,000 and 1,930.

Personal opinion, for reference only, not investment advice!