Daily Share 260402

Yesterday, Bitcoin followed the expected analysis, showing a volatile + false breakout pattern—the market briefly surged to 69,300, leading many to believe it would break the 70,000 barrier, but then it declined steadily to 68,000. This kind of movement is the most frustrating, as it can't go up but also won't fall down, causing short-term traders to be repeatedly disappointed.
Although spot ETF recorded a net inflow of about $1.3 billion in March, and Strategy continued to increase holdings to a new high of 762,000 coins, these actions did not push the Bitcoin price higher, as buying pressure was still completely offset by larger selling forces.
Key support level: 67,000 is the most critical defensive level for the day. If the closing price continuously falls below this level, it may test the psychological level of 66,000.
Key resistance level: Short-term strong resistance is around 69,500. If it can hold above this level, there is a chance to challenge 72,000 in the short term.
Overall, the bears currently hold a slight advantage. The current short positions have been partially released, but resistance above remains clear. Shorting should wait for a signal of rebound exhaustion. It is better to wait for a rebound to the 68,500–69,000 zone and face resistance before entering. Long traders can wait for the price to stabilize in the 67,000–67,500 range and attempt light positions, aiming for a rebound from oversold conditions, with quick entries and exits.