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3.12BTC Morning Analysis
Bitcoin 15-minute chart shows a surge to 71286 followed by a continuous pullback, with a low of 68932. This is a typical false breakout and shakeout pattern, and short-term market sentiment remains unstable.
The middle band of the Bollinger Bands at 70300 forms strong resistance, and the price remains below the middle band, oscillating and consolidating. The overall trend is still clearly downward.
Maintain a strategy of mainly low buys, taking advantage of rebounds to go long, and operate cautiously.
Bitcoin: Around 69300-69800, with a target of 71000-71500
Secondary target: Around 2040-2020, with a target of 2090, and a break below to 2150