Overall, the market exhibits a pattern of volatility characterized by rallies encountering resistance and increasingly intense bullish-bearish battles. Institutional funds are beginning to flow back in, but retail participation has declined, raising doubts about the sustainability of the short-term rebound.

Expectations for a Federal Reserve rate cut have been pushed back to July 2026, and the high-interest-rate environment continues to pressure risk assets. From a technical perspective, Bitcoin faces strong resistance around the round level of $70,000 and the 20-day moving average around $69,500. The RSI indicator is approaching overbought territory, indicating a need for correction.
Key support levels are at $67,500-$68,000; if a breakdown occurs below this, the market could return to the $65,000-$70,000 range with sideways fluctuations. Currently, the market is driven by "news-based" volatility. The short-term positive effects of Trump’s policies have been priced in, and market focus shifts to the White House Cryptocurrency Summit on March 7. Geopolitical risks and Federal Reserve monetary policy remain major macro variables influencing market direction.
Operational Strategy Advice (for reference only, not investment advice):
General Approach: Considering the resistance encountered during rallies and technical correction pressures, a cautious strategy of "more shorts at highs, few longs at dips, maintaining small positions, and strictly setting stop-losses" is recommended. Avoid chasing gains near major resistance levels and be patient for retests of support or clear breakout signals.
Operational References:
Short Opportunity: If the price rebounds to the $69,500-$70,000 zone and faces resistance, consider small short positions with a stop-loss above $70,500. Targets are set at $68,500 and $67,500.
Long Opportunity: If the price stabilizes around $67,500 or retests the strong support zone at $66,000-$66,500 without breaking below, consider small long positions with a stop-loss below $65,500. Targets are set at $68,500 and $69,000.