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3.25 BTC | High-level consolidation declining, rebound shorting as the main strategy!
BTC high-level consolidation pattern continues, the moving average system maintains downward pressure, bullish rebound momentum is insufficient, with an overall clear downward trending consolidation.
Core Strategy: Rebound shorting as the main focus
• Rebound resistance: 71000-71500 zone (previous dense trading area + moving average convergence pressure)
• Entry thesis: Short directly upon rebound resistance, trade with the trend
• Support below: 70000 level (short-term psychological support)
• Core target: Around 69000 (breaking below opens further downside)
The rebound is only short-term correction, not a trend reversal. Continue to be bearish after resistance, trading with the trend is more prudent.