Friday 3.13 Morning: Rally Fails to Extend, Intraday Rebound Shorting Opportunity

Bitcoin experienced an initial surge in the morning, reaching 72,000 before stopping and pulling back. Currently, it is trading around 71,500. The ongoing oscillation has led to a slight rebound, but this rebound has not been effectively sustained. Do not chase the sharp rise and fall in the morning. There is a high probability of correction during the white session, so it is advisable to short the intraday rebounds.

On the daily chart, Bitcoin has formed four consecutive green candles. Early in the morning, the price decisively broke through previous resistance levels, and the Bollinger Bands are gradually widening. The price is currently trading below the upper band. Until a sustained and effective breakout or a clear one-sided trend is established, avoid blindly chasing rallies. Uncertainty remains in the news environment—Middle East tensions and Iran-related developments are still key variables. If the situation continues to escalate, risk aversion sentiment could intensify at any time, increasing the risk of further pullbacks. Operationally, remain cautious: do not chase high, prefer short positions on rallies, and prioritize stability.

Friday morning recommendation: Short Bitcoin at 72,000-72,500, targeting the 69,000-68,000 zone.

The above analysis reflects personal opinions; all are welcome to discuss! Investment involves risks; trade cautiously. There are no shortcuts in trading—avoid seeking overnight riches. Steady progress is the way forward. Wishing everyone smooth trading! $BTC