March 24th Yifan Morning Analysis



BTC is currently trading around $70,700, oscillating within the major range of $67,500-$72,000. Following yesterday's rally to $71,800 triggered by news catalysts, prices pulled back. The 4-hour level shows a narrow-range rebound with KDJ entering the overbought zone. Today's core logic is to guard against rallies and avoid chasing tops.

Key Levels

- Strong Resistance: $71,500 – $72,000 (Yesterday's high + Bollinger Upper Band)

- Pivot Level: $70,000 (Bulls/Bears Dividing Line)

- Strong Support: $69,500 – $69,000 (4H Middle Band + EMA30)

- Defensive Level: $67,500 (Prior Low)

Intraday Strategy

1. Short (Primary Strategy)

- Entry: Around $71,200 – $71,800, scale in with multiple positions

- Targets: $70,000 -> Around $69,000
BTC2,9%
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