3.16 Monday, Sharp Morning Rally Is Not a Good Sign, Short First

A new week begins again, another beautiful day. Bitcoin surged in the morning and rushed up to around 73,200 again before facing selling pressure and pulling back. It is now running around 72,600. Recently, it has tested the upper resistance level multiple times but failed to break through effectively, showing that upper resistance is strong.

From the current chart pattern:
The daily line closed positive again, but the coin price remains under pressure near the upper band of the daily track. This is also a key resistance level where bulls have struggled to break through multiple times. Bull momentum is gradually weakening, and the upper space continues to fail to open effectively.

On the 4-hour level, the price rebounded along the steps and then faced pressure at the upper band, entering a high-level oscillation pattern. The upward momentum of bulls is clearly slowing, and indicators are entering a local correction accumulation phase.
The hourly Bollinger Bands are showing signs of turning down. Short-term will most likely continue to oscillate and pull back for adjustment. Since the rebound high of this round is basically confirmed and rebound strength continues to weaken, operationally prioritize shorting for the pullback adjustment, then consider buying back long positions after the adjustment is complete.

Bitcoin (BTC) suggestions for Monday morning:
Short in batches in the 73,000–72,800 range, with initial target around 71,000. $BTC