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3.26 Thursday Bitcoin Morning Strategy
Bitcoin pulled back near 706 overnight and rebounded above 710. In the short term, the struggle between bulls and bears is intense, but there's no substantial directional movement. However, this type of price action is the best opportunity to accumulate for short-term trading.
Currently, the small-scale range rhythm has not been broken through, and this situation will continue. At present, short-term resistance is at 720, with short-term support around 690. Following the principle of no breakout, no establishment, we still look for pullbacks intraday.
From a technical structure perspective, there is a range consolidation pattern in the short term. Until a clear bullish or bearish signal emerges, we can participate around this range.
In the morning, Bitcoin rebounds to 715, short around 720. Looking lower for 695-685 zone. If it breaks below and doesn't reverse, then switch to long.