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3.13 Friday Morning Big Bitcoin Latest Thinking, Short First Then Long on the Day
In the blink of an eye, we've reached the end of the week. Good morning, partners. Wishing everyone a fruitful harvest today. Over the past two days, market momentum has gradually slowed, basically moving in oscillations. Both bulls and bears are encountering strong resistance. Short-term pressure above is concentrated around 71500, with support below at 69000. As long as this resistance and support hold, this range-bound trend will continue.
On the technical structure, short-term oscillations are adjusting. Big Bitcoin is running above the four-hour mid-band line but shows no intention of further extension; instead, it's a narrow-range tug-of-war between bulls and bears. For today, after yesterday's rebound to 70700, there's been some pressure. Therefore, we won't chase longs on the short term for now. During the day, watch for pullback actions first, then go long after reaching support.
Early morning suggestion: Short Big Bitcoin around 70700, 71200 nearby. Watch 69000-68000 below. If it doesn't extend downward, flip to long. $BTC