3.12 Bitcoin current price 70,700, forming a double bottom reversal resonance, with an obvious main upward trend; options settlement pressure released, leverage risk alleviated, on-chain funds flowing back, bullish signals clear.

Daily K-line three consecutive bullish candles above the 70,000 EMA30 key level, MACD increasing volume and momentum, Bollinger Bands upper band resistance at 72,000, middle band support at 67,850. Breaking the previous high of 74,000 will further open the upward space; four-hour K-line stabilizes above EMA30/60, ending the bearish trend. Support at 69,000 has been tested multiple times with effective results. Currently, it is recommended to hold long positions and cautiously consider short positions. Short-term trading ideas (with stop-loss, small loss for big profit):

- Long: Enter at 69,000-69,500, stop-loss 500 points, target 70,000-71,000, break above to see 73,000-74,000
- Short: Enter at 72,000-72,500, stop-loss 500 points, target 70,500-71,500, break below to see 69,500-70,000

Trading should be based on real-time market data. Recommendations are for reference only. Risk is your own.