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March 23rd Bitcoin Midday Public Strategy
Bitcoin's early trading session probed down to the 67300 key support level, forming a double bottom structure and triggering a bullish rebound. During midday trading, it surged to a daily high of 68872.4, followed by a rapid pullback with a low near 67500. Overall, it presents a wide range oscillation with bears and bulls engaged in a tug-of-war.
From a technical perspective, short-term moving averages are tangled with no clear bullish or bearish direction. Price oscillates within the moving average band with lack of trend signals. The channel continues to widen with price fluctuating near the midline, showing a clear oscillation range without a one-sided trend.
Trading Recommendation: At the 68800-69300 range during rebounds, establish short positions with targets at 68000-67500
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