3.5 Thursday Morning Bitcoin Outlook

The market is just like that—changes happen suddenly. After a strong surge overnight, the bears were caught off guard, and Bitcoin soared to a high of 74,000. From the low point, it has already rebounded by 6,700 points, indicating a clear shift to a stronger short-term momentum.

The 4-hour chart shows continuous bullish candles pushing higher, with the price steadily climbing. However, around the 74,000 level, it started to face some resistance and pulled back. Looking at the daily chart, the Bollinger Bands are opening upward, and the indicators are leaning bullish, confirming a overall bullish sentiment.

But the problem is simple—it's no longer at a low position. Chasing longs at this level isn't cost-effective. While the strength is there, at high levels, caution against a pullback is necessary.

So, the strategy should not be aggressive:
First, wait for a correction and recovery, and once the price pulls back to support and confirms a bottom, consider going long with the trend.

Reference strategy:
In the morning, consider shorting around 73,000,
Targeting a drop to the 71,600–70,000 range.
If the price holds above this level without breaking lower, then consider reversing to go long.

Follow the rhythm, and avoid rushing in during the most emotional moments. #全球央行降息预期全线降温 #欧盟计划推出央行稳定币 #欧盟计划推出央行稳定币 $BTC $ETH