March 6th Bitcoin Midday Public Strategy

Bitcoin price quickly dropped from 71,330.4 to 70,955.0, then weakly recovered to the current level, forming a sharp decline - low-volume rebound pattern.

The daily chart remains in a high-level consolidation zone; this pullback is a correction of the previous rally.

If the 4-hour chart breaks below the key support at 70,300, it will open further downside space; if it holds the 70,900-71,000 range, a recovery trend is likely to begin.

Trading suggestion: Consider placing buy orders around the 71,500-72,000 rebound zone, targeting 70,950-70,350.