Friday, maintain the bearish bias at higher levels!

Yesterday, Bitcoin rebounded slightly after a pullback, but all upside attempts failed to effectively break through key resistance zones, with overall rebound momentum appearing weak. The current price has pulled back to around 70,000 to trade sideways, with bulls and bears intensifying their battle at this level. From a chart perspective, the pullback process is gradually showing signs of stabilization. If we can print another positive candle during the day, there remains potential for further upside probes against resistance. Key attention should be on the previous high around 71,300. If an effective breakout forms and holds, the current consolidation range may see a directional choice.

On the 4-hour chart, a candlestick with a long lower shadow was printed last night, showing strong buying support near 69,000. Although the daily chart has printed three consecutive positive candles, the high-level doji that closed in the early morning hours warrants caution, as this pattern often signals pullback pressure in the near term. Comprehensively speaking, the price shows signs of stagnation at highs following the breakout, with increased need for short-term pullback consolidation. The overall structure remains in a wide-range sideways pattern. Operationally, it is recommended to maintain a bearish bias at higher levels as the primary approach.

Early Session Trading Recommendations
Bitcoin: Consider entering short positions on rebounds toward 70,500–71,000 zone, with targets near 69,000 $BTC $ETH $SOL #3月CPI数据出炉 #比特币支撑阻力位分析 #香港稳定币发行人牌照名单