March 5th Morning Analysis of Bitcoin

Recently, market volatility has increased, with intense battles between bulls and bears. The bullish momentum has somewhat recovered, and prices have rebounded and repaired. However, chasing longs here carries higher risks, so all operations must be cautious, with strict control over positions and stop-losses.

Today's core strategy: primarily short on rebounds, avoid blindly chasing rallies, rely on key zones for right-side trading, and wait for stabilization signals before executing.

• Upper resistance: 74,000 is a strong intraday resistance. If volume increases and it stabilizes above this level, it could target around 75,000. Consider partial short positions upon reaching this area.
• Lower support: 72,000 is a short-term critical defense. If it is effectively broken and stabilizes below, the downward space opens up, potentially further down to the 70,000 level.

Trading reminder: During periods of increased volatility, heavy positions, contrarian trades, and holding through losses are prohibited. Strictly implement position management and stop-loss discipline, prioritizing stability.

The above is a public Silk Road strategy, for market reference only, not investment advice; real-time market conditions change rapidly. Specific entry points, take-profit, and stop-loss should be based on real-time guidance during trading.