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3.20 Afternoon Bitcoin Outlook: Rebound, Not Reversal! BTC, ETH Staged Short Strategy
Bitcoin is oscillating repeatedly around 70500, with the key support level at 70000 determining the direction for bulls and bears.
This rebound is merely a technical correction during the downtrend, not a trend reversal.
Against the backdrop of cooling rate-cut expectations, tightening macro liquidity, and cautious market sentiment, short positions remain dominant in the short term, with a higher probability of rebound resistance and pullback.
Staged shorts in the 70100–71500 range, targeting around 68000–68500
Ethereum:
Staged shorts in the 2160–2180 range, targeting around 2050–2100
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