March 23rd Bitcoin Midday Public Strategy

Bitcoin's early session price probed the 67,300 key support level and formed a double bottom structure, triggering a long rebound. The midday session rallied to an intraday high of 68,872.4, followed by a sharp pullback with lows near 67,500. Overall, the market presents a wide-range consolidation pattern with bulls and bears in a tug-of-war.

From a technical perspective, short-term moving averages are intertwined with no clear directional bias. Price oscillates within the moving average zone with missing trend signals. The channel continues to widen, with price fluctuating near the middle band, showing a clear consolidation range and no one-sided trend.

Trading Recommendation: On rebounds toward the 68,800-69,300 zone, establish short positions targeting 68,000-67,500 levels.

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