Today, Bitcoin generally moved in a pattern of "oscillating upward and consolidating at high levels." After the market opened in the early morning, the price stabilized around 66,700, then gradually moved higher with fluctuations, breaking through the 67,000 level in the afternoon, reaching a high of around 67,554 in the evening, and then slightly pulling back to around 67,340 to consolidate. The entire day showed a steady upward trend, with the low point gradually rising from 66,700 to above 67,000, and the high point breaking through from around 67,200 to 67,500. The retracement during the upward move was relatively small, and the bulls gradually gained the upper hand in the short term. Ethereum moved upward in sync, rebounding from around 2,040 to above 2,060 for consolidation.

From the four-hour chart perspective, Bitcoin is in a low-level rebound phase. Since rebounding from the low of 66,204, the price has consecutively formed small bullish candles and is now above the 67,000 level, reaching a high of 67,554. In terms of candlestick patterns, the price has returned to near the middle band of the Bollinger Bands, with short-term moving averages turning upward. The MACD fast and slow lines are forming a golden cross below the zero line, with red histogram bars beginning to expand. The RSI indicator has risen above 50, indicating that short-term rebound momentum has strengthened. Key resistance levels are at 67,800-68,000, which were important support levels during the previous decline and are near the upper band of the Bollinger Bands. Regarding trading strategy, since there was not much volume over the weekend, consider short positions.

Bitcoin can be shorted around 67,500 with a target near 66,000. Ethereum can be shorted between 2,060-2,080 with a target near 2,020. #三月非农数据来袭 $BTC