# 3.26 Thursday Bitcoin Morning Analysis



Overnight, Bitcoin pulled back near 706 and rebounded above 710. Although the short-term battle between bulls and bears is intense, there has been no substantial directional movement. However, this type of price action presents an excellent opportunity to accumulate for short-term trading.

Currently, the small-timeframe range rhythm has not been broken, and this pattern will continue. The current short-term resistance is at 720, with short-term support in the 690 area. Following the principle of "no break, no establishment," we will focus on pullbacks intraday.

From a technical structure perspective, the short-term shows a range-bound consolidation pattern. Until a clear bullish or bearish signal emerges, trades should be participated around the range.

For the morning session, Bitcoin rebounded to 715. Consider staged shorts near 720, targeting the 695-685 area. If it breaks lower without extending, reverse to long positions.
BTC0,21%
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