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Thursday, 3/26 BTC: Currently trading around the 700 level.
In the 4hk chart, it’s oscillating within the 705-720 range, with Bollinger Bands narrowing, and the price is near the middle band (712). In the short term, it’s in a consolidation phase.
The support and resistance point is around 700-702. A break below 700 could see the price testing the 693 support level. If there is a volume-supported break below 693, it may test the 683 level.
Today’s strategy: Based on the daily k-line, mainly short positions.
Place short orders between 702-705, with the first target at 693 and the second at 686 after completion.