3.10 Tuesday Afternoon Latest Strategy

With the bulls making another breakthrough, the short-term momentum is operating in a strong pattern. However, after hitting 70,550, Bitcoin has not continued its upward movement. The short-term pullback is small, but the bullish rally has been temporarily halted.

On the four-hour chart, the bulls are strongly advancing, with minor pullbacks quickly absorbed by strong buying. The short-term trend is quite strong, but considering the previous resistance at 70,000, although it has been broken, there hasn't been much continuation. The strategy is to avoid chasing longs at high levels; wait for a pullback confirmation before going long.

In the afternoon, suggest shorting Bitcoin around 70,000 to 70,500, and look for long opportunities if it pulls back without breaking below 69,000-68,000. If the pullback does not break these levels, consider going long. $BTC