3.12 Bitcoin Auntie Morning Thoughts

Yesterday, Bitcoin maintained a mostly sideways trading pattern, with bulls and bears repeatedly pulling the price back and forth. In the evening, driven by the CPI data release and market sentiment, the price briefly surged to around 71,300, but faced clear resistance above. The bullish momentum was not sustained, and an effective stabilization structure was not formed. After the spike, buying interest quickly waned, and the price retreated, ultimately returning to a downward trend.

From the current overall structure, the rebound is mainly a phase of emotional-driven correction and has not changed the market's inherent weakness. Resistance levels remain heavy, bullish momentum lacks continuity, and the short-term structure still shows a pattern of gradually lower highs. The dominant bearish trend has not fundamentally changed.

Therefore, the short-term strategy remains clear: do not chase long positions on rebounds, and focus on shorting opportunities at resistance zones.

Personal Suggestions
Bitcoin: Enter short at 70,000-70,800, target below 68,000
Auntie: Enter short at 2050-2080, target below 1980