2026-03-12 00:57:18

Morning Analysis

The current market remains volatile, with a quick pullback after yesterday's rebound. Short-term rebounds lack effective breakout momentum. Overnight, Bitcoin rebounded to the 71,300 area but faced resistance and declined, indicating a clear short-term trading range.

On the four-hour chart, after Bitcoin broke above the upper band and faced resistance, it pulled back and is now receiving slight support near the middle band; however, the rebound momentum is gradually weakening. Short-term resistance is concentrated in the 71,500-72,000 range. If this zone cannot be effectively broken through, the market will continue to favor short positions at higher levels and long positions at lower levels.

Trading Suggestions
Shorts around 70,800-71,300 with targets near 68,500-69,000
Shorts around 2,090-2,120 with targets near 1,940-1,970

BTC-0,06%

ETH0,53%

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