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3.24 Morning Bitcoin Analysis
$BTC In the morning session, Bitcoin surged rapidly from the 68400 low point, reaching a high of 71789 to complete a short-term spike, then quickly reversed, testing a low near 70200, completing a sharp rise-sharp fall washout structure. Both bulls and bears have entered a narrow-range sideways consolidation pattern, forming a short-term balance while awaiting directional confirmation.
Support Levels Below: 70000 is the near-term support level. If it holds, consider light long positions on retesting. If broken, watch for 69000.
Resistance Levels Above: 72000 is strong resistance. On pullback under pressure, consider adding short positions in batches. If broken, upside space opens up.
Currently in oscillation equilibrium, direction unclear. Recommend light position trading with strict stop-loss settings. $ETH
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