3.20 Friday Afternoon Market Analysis

Bitcoin dropped to the 68,750 level in the early morning and quickly rebounded off the bottom. The daytime high reached 70,100, which perfectly aligns with yesterday evening's long strategy, accurately materializing the forecast.

The focus going forward is on the 71,500–72,000 daily candle key resistance zone. Whether the market can reverse and rally higher depends entirely on whether this pressure level can be effectively broken through:

If successfully broken through, the market is expected to see a second wave of rallies; if it fails to break through and pulls back, the oscillating downtrend pattern will continue.

In terms of operations, enter short when price reaches that level, and close the short position to go long upon breakthrough.

Practical Strategy

BTC: Short at 71,000–71,500, Target: 69,000
Long-term: 67,500

ETH: Short at 2,150–2,170, Target: 2,050