March 23 BTC Swing Trading Strategy

Long Plan: Deploy long positions at the 68000 support level, stop loss at 67200, targets at 69500/70900/72000, risk-reward ratio 1.8x. 68000 is a psychological round number and previous high-volume trading zone, combined with oversold funding rates, presenting a technical rebound opportunity.

Short Plan: Deploy short positions at the 70900 resistance level, stop loss at 71600, targets at 69500/68000/66500, risk-reward ratio 2.1x. 70911 is a strong resistance level that has failed multiple tests; if the rebound encounters resistance here, consider shorting with the trend.

Recommendation: Choose based on actual price action. If price directly tests and stabilizes at 68000, go long. If price rebounds to 70900 with price stalling, go short. Current trend is bearish biased, making short positions relatively higher probability.