BTC Short-term Trading: Overhead Pressure Evident, Bearish Bias (March 12)

BTC 15-minute cycle trend is weak, with 70,000 as the core short-term resistance level. Multiple rallies have failed here with repeated pressure and pullbacks, with trapped longs concentrated, making sustained upside momentum difficult for bulls.
The 1-hour level has formed a double top pattern, but volume is insufficient, with continued weakening in bounce strength and short-side dominance in the short-term.

Operational Strategy:
Focus on key support at 68,900, which is the bull-bear demarcation line:
• If rejection occurs near 70,000 on bounce, go short directly
• If breaks below 68,900 on volume, chase shorts with the trend

No guessing bottoms, no averaging down positions. Strictly execute on signals, short-term trading only follows the trend.
$BTC ‌#伊朗明确达成停火协议要求