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3.13 Friday Morning Bitcoin Silk Road
Recent market volatility has intensified with repeated pullbacks between bulls and bears; as the weekend approaches, trading volume is likely to contract with oscillations.
Upper Resistance: Focus on the 72000 strong resistance zone; if there is significant pressure at this level, consider layering in short positions to capture the downside momentum; if it breaks through and stabilizes, the oscillation pattern will end and further upside space may open.
Lower Support: Monitor the key support level at 70000-69000; if it rebounds and stabilizes here, consider layering in long positions at lower prices.
If the current range holds, the market will continue its oscillation pattern, with the two major key levels serving as core direction indicators.
Implement strict risk management, respond flexibly, avoid chasing highs and selling lows, use key level signals as the basis for operations, prioritize stability.
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