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March 15 Bitcoin Morning Public Strategy
Bitcoin price completed a V-shaped rebound from around 70256, broke through the key level of 71000 and surged to 71359, then faced selling pressure and pulled back. The 15-minute K-line formed a relatively long upper shadow, indicating heavy selling pressure from above.
The surge phase was accompanied by obvious volume expansion, while the pullback phase showed gradually shrinking volume, suggesting that bullish momentum has temporarily weakened, but there are no signs of large-scale panic selling.
Operation Suggestion: On pullback to 70800-70900 zone, establish long positions with targets at 71300-71500
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