Saturday Early Morning Jingyi's Trading Analysis



Bitcoin surged to 73890 last night and then pulled back significantly, with 70000 as a key support level. Avoid chasing highs and blind bottom-fishing; trade the range with light positions and wait for the Fed rate decision outcome to determine direction. 24h range: 69355–73890, with wide-range oscillation after the high and pullback.

Early morning stabilized at 70500–71000, with obvious dip-buying by bulls at the 70000 level. ETFs still providing support. On-chain whales are accumulating in tranches at 70000–71000, gradually digesting trapped long positions and selling pressure.

Additionally, the Fed rate decision on March 19 is approaching, with expectations for rate cuts cooling and bond market sentiment cautious, causing increased volatility. Today's core: oscillate between 69500–72500, break above 72500 to recover bullish momentum, break below 69500 to open downside room. Focus on selling rallies and buying dips.

Trading Recommendations

Bitcoin Long: On pullbacks to 69500–70000 with stabilization, enter with light positions, stop loss at 69300, targets at 71500–72300

Bitcoin Short: On rallies to 72700–73500, enter with light positions, stop loss at 74000, targets at 71000–70500

The above represents personal views for reference only.

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