3.16 Monday, Sharp Morning Rally is Never a Good Sign, Go Short First

A new week opens again, another beautiful day. Bitcoin surged sharply in the morning and rushed up to around 73200 again before facing pressure and retreating. It is currently trading around 72600. Recently, it has tested the resistance above multiple times but has consistently failed to break through effectively, showing strong resistance above.

From the current chart trend:
The daily line made another positive close, but the price remains under pressure near the upper rail of the daily channel. This is also a key resistance level where bulls have multiple times rushed up and then retreated. Bull momentum is gradually weakening, and the upside space has been unable to effectively open.

On the 4-hour level, the price rebounded along the stairs but faced pressure at the upper rail, entering a high-level oscillation pattern. The bull's upward momentum has notably slowed down, with indicators entering a local correction accumulation phase.
The Bollinger Bands on the hourly level show signs of turning over. Short-term likely to continue oscillating and retracing adjustments. Since the high point of this rebound has been basically confirmed and the rebound strength continues to weaken, operationally prioritize setting up short positions for pullback adjustments, then consider adding back long positions after the adjustment is completed.

Bitcoin (BTC) Suggestions for Monday Morning:
Short in batches in the 73000–72800 zone, target first around 71000. $BTC