3.4 Evening Bitcoin Analysis: Short-term strong rally breaks through 71,000, ending over 20 days of weakness.

Early this morning, BTC remained under pressure at 69,000 with stagnant prices, then dropped to 67,350 at noon before stopping the decline and rebounding;

In the afternoon, it gradually rose to touch 69,000, with bullish momentum, and currently, it has surged past 71,000 in one go, approaching 72,000.

This rally ends the pattern of over 20 consecutive trading days of low-range oscillation before and after the Spring Festival, with the price rebounding from the oversold level of 59,800 in early February to the second starting point of the rebound;

The previous high of 72,300 is also a reference for the current resistance level, and all cycle indicator resistances have been broken, with multiple supports below!

From a technical perspective, both resistance and support levels, as well as key integer thresholds, require close attention.

BTC Recommendations:

Short near 72,000, add to short at 72,500, target 70,500--70,000;

No malicious guidance, just sharing ideas, and adhering to community guidelines. #加密市场上涨