March 24 Morning Bitcoin Strategy Analysis

Last night rebounded due to easing Middle East tensions. After a short-term surge, it entered overbought territory with diminishing bullish momentum and shrinking volume.
Hourly moving averages show bearish alignment with obvious selling pressure on rebounds.
Support zone: 70000-69000 range

**Operation Suggestions:**
Entry: 71500–72000 range with light short position
Stop Loss: 72500 (exit immediately if broken)
Target 1: 70000 (reduce position/partial profit-taking)
Target 2: 69000 (remaining position profit-taking)

**Important Notes:**
Position size: Single position ≤ 5%, never use heavy leverage
Stop loss: Always set stop loss upon entry, strictly forbidden to hold positions through losses
Time frame: Daytime trading primarily, do not hold overnight
Signals: If breaks below 70000, bearish continuation can be expected; if holds 72500, short positions become invalid
$BTC #Gate13周年全球庆典