BTC Short-term Trading: Significant Pressure at Highs, Bearish Bias (March 12)

BTC's 15-minute cycle shows weak momentum. Around 70,000 is a core short-term resistance level, where price has repeatedly rallied and fallen back, with trapped longs concentrated here, making it difficult for bulls to sustain upward momentum.
The 1-hour level has formed a double-top pattern, with volume unable to keep up, and rebound strength continuously weakening. Short-term bears have the advantage.

Trading Strategy:
Key support focuses on 68,900, the dividing line between bulls and bears:
• Rebound rejected near 70,000, go short directly
• Volume break below 68,900, chase the short

Don't guess bottoms, don't hold losing positions, execute strictly by signals, trend-following only for short-term.
$BTC ‌#伊朗明确达成停火协议要求