Long Plan: Set up long positions at the 68000 support level, stop loss at 67200, targets at 69500/70900/72000, with a risk-to-reward ratio of 1.8x. 68000 is a psychological round number and a previous dense trading zone, combined with oversold funding rates, there are technical rebound opportunities.
Short Plan: Set up short positions at the 70900 resistance level, stop loss at 71600, targets at 69500/68000/66500, with a risk-to-reward ratio of 2.1x. 70911 is a strong resistance that has failed multiple tests; if the rebound stalls here, you can short into the momentum. It is recommended to choose based on actual price movement: if the price directly dips to and stabilizes at 68000, go long; if it first rebounds to 70900 and stalls, go short. The current trend is biased downward, so shorting has relatively higher win rate.
March 23 BTC Swing Trading Strategy
Long Plan: Set up long positions at the 68000 support level, stop loss at 67200, targets at 69500/70900/72000, with a risk-to-reward ratio of 1.8x. 68000 is a psychological round number and a previous dense trading zone, combined with oversold funding rates, there are technical rebound opportunities.
Short Plan: Set up short positions at the 70900 resistance level, stop loss at 71600, targets at 69500/68000/66500, with a risk-to-reward ratio of 2.1x. 70911 is a strong resistance that has failed multiple tests; if the rebound stalls here, you can short into the momentum. It is recommended to choose based on actual price movement: if the price directly dips to and stabilizes at 68000, go long; if it first rebounds to 70900 and stalls, go short. The current trend is biased downward, so shorting has relatively higher win rate.