3.10 Morning Bitcoin / Auntie Si's Strategy

Yesterday, Bitcoin and Auntie Si indeed experienced a wave of emotional rally, but the strength came quickly and also faded quickly. The resistance above has still not been truly broken. On the 4-hour chart, after the price continuously rose and touched the upper Bollinger Band, it quickly encountered resistance and pulled back. A single medium-length bearish candle essentially wiped out the previous gains, and the short-term rebound momentum was clearly interrupted.

From the current candlestick structure, the market is gradually returning to a bearish trend. Yesterday’s rally was more like an emotional surge driven by news rather than a genuine trend reversal. As the positive news is gradually digested by the market, capital sentiment returns to rationality, and the bearish force is likely to regain dominance.

Overall, the resistance above remains obvious, and the sustainability of the rebound is insufficient. It currently looks more like a technical correction within a downtrend. As long as key resistance is not effectively broken, the probability of further pullback remains high.

Trading Strategy:
Bitcoin: Short near 69,300—70,000, target 68,000, if broken downward look at 66,000—65,000
Auntie Si: Short near 2010—2040, target 1950, if broken downward look at 1880