On March 24, BTC successfully tested the 70,000 psychological level and is currently consolidating around 70503.
Key focus on the 4-hour level: whether an engulfing candlestick pattern (engulfing formation) appears, which will determine if the short-term trend reverses.
Trading Strategy
Operation: Above 71300, continue to consider shorting to capitalize on rebounds facing resistance and falling back.
Resistance Level: Short positions in the 72200-72600 range
Support Level: Long positions in the 67200-66800 range
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