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3.14 Saturday Bitcoin Latest Analysis
Yesterday, bulls dominated the market's rhythm, and upon opening positions, there was a fierce rally. After a minor pullback, Bitcoin continued its uptrend, reaching as high as 73850 overnight, approaching the previous resistance zone. The early morning plot twisted again, with Bitcoin declining all the way down to the 70500 area. The dramatic price action ultimately benefited the manipulators.
Today is the weekend, so we won't expect major directional moves. Instead, treat it as a range-bound market. We'll operate around the 70000-72000 zone with shorting at highs and longing at lows. If the market breaks through this range going forward, we'll make adjustments based on intraday conditions.