March 8th Bitcoin Morning Public Strategy



This morning, perpetual contracts experienced a surge in volume followed by a sharp decline and a single-pin bottoming pattern. The price quickly dropped from the intraday high of 68,334 to 66,720, a decline of over 1,600 points. It then rebounded slightly to around 66,978 and consolidated.

After the plunge, a long lower shadow with a large bullish candlestick appeared, forming a single-pin bottoming structure, confirming that the 66,720 level is a short-term strong support, with buying interest quite robust.

Operational suggestion: rebound to around 67,400-67,600 to buy, targeting 66,800-66,200.
BTC-0,27%
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