3.11 Bitcoin Morning Analysis

Recent market volatility has increased. Although the bulls have shown signs of recovery, their momentum is limited. The battle between bulls and bears is intense, with opportunities and risks coexisting.
In terms of operations, it is crucial to strictly control positions, accurately identify entry and exit points, and avoid blindly chasing gains or selling in panic.

Pay close attention to the support around 69,000. Watch for signs of stabilization (stopping the decline, closing with a positive candle, buying momentum) when retesting this level.
If the support holds, consider gradually adding to long positions.

On the upside, focus on the resistance near 72,000. Observe the pressure situation here (price hitting a high and then falling back, long upper shadows, declining volume).
You can gradually build short positions; if a valid breakout occurs and the price stabilizes, the bearish strategy pauses, and the market may open a new upward space.

Avoid greed and fear; rhythm is more important than direction.
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