Today's BTC Market Report (March 12)
As of 18:40, BTC is around $70,400, with a 24h range of $68,978–$71,321, trading in a narrow consolidation. The daily chart shows three consecutive green candles but with narrowing gains. The 4-hour MACD shows a death cross, while the hourly chart oscillates within the $69,500–$71,150 range. Strong selling pressure at $71,500 above, with $69,000 as a key support level below. With CPI data due tonight, the market sentiment is cautious, and the battle between bulls and bears is intensifying.
Trading Strategy (Short-term, light positions):
Long: On pullbacks t
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