3.26 #BTC Trading Strategy

Bitcoin has rebounded back above 71,000 and is currently oscillating around 71,200. Intraday highs have reached 71,950, indicating short-term bulls have some pulling power, but selling pressure remains above, so we can't directly treat this as a unidirectional uptrend yet. At this position, it looks more like a high-level pullback after a rally. Chasing longs is prone to being shaken out, and chasing shorts requires waiting for better positioning.

Key focus levels today:
Upper resistance: 71,500—72,000, strong resistance: 72,200—72,800;
Lower support: 70,800—70,500, strong support: 70,000—69,500.

Operationally, if the rebound reaches 71,500—72,000 range and fails to push higher or consolidate, consider light short positions, targeting 70,800—70,500 first, then 70,000 if broken. If it pulls back to 70,800—70,500 but holds and shows reversal signals, you can take a short-term long trade targeting another test of the 71,950 high. Currently, the intraday fluctuation range is mainly between 70,417—71,950; focus on oscillations within this range in the short term.

If 72,000 is taken with volume later, shorts have potential to attempt even higher levels. However, if 70,800 breaks down, it signals this rally is losing momentum, and we should watch for a retest of 70,000—69,500 below.

Summary: Below 72,000, expect oscillation bias downward first. If 70,800 holds, shorts have room for continued upside testing.