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March 20 Bitcoin Morning Public Strategy
Yesterday, after Bitcoin touched a bottom around 68750, it initiated a rebound with the highest push reaching 71598, subsequently oscillating in the 70000-70600 range.
From the 4-hour perspective, Bitcoin price remains in a mid-term range oscillation pattern, having neither broken through the previous high nor fallen below key support levels, maintaining overall high-level oscillation movement.
Technically speaking, the MACD red column is gradually shortening, KDJ is turning downward from high levels, and RSI has pulled back to the neutral zone, indicating weakening mid-term upward momentum with correction demand present.
Trading Suggestion: Layout short positions near the 70500-70600 rebound zone, targeting 70000-69000
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