2026-03-12 01:31:45

3.12 Thursday BTC Market Analysis | High-level Consolidation and Repair, First Short then Long During the Day

Bitcoin currently remains in a high-range consolidation, with bullish momentum gradually waning. The overall structure is leaning bearish, mainly consolidating and repairing in the short term. After gathering strength, there is still room for a downward move.

Key Levels

• Resistance Above: 71,500-72,000 zone, with strong resistance at 74,000

• Support Below: 68,000-68,500 core support zone

Intraday Trading Strategy

Follow the short-term range by selling high and buying low, maintaining a primarily bearish outlook.
Prioritize shorting on rebounds during the day:
Enter short positions in batches on rebounds to 70,600-71,100, with short-term targets of 69,000-68,500;
After falling back to the support zone and stabilizing, consider reversing to long positions to capture oscillation profits. #伊朗在霍尔木兹海峡布设水雷 #原油价格回落

BTC-0,76%

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